Regulatory Alerts2022-12-20
Added · Updated
Feedback from Recent Review on Consumer Protection in respect of Digital Platforms for the Application of Credit Products
The Hong Kong Monetary Authority issued this circular to provide feedback following a review of consumer protection measures for digital platforms facilitating credit product applications. The document outlines key observations and sound practices for authorized institutions to enhance risk management and disclosure standards. These guidelines address technology risks and ensure robust consumer protection frameworks are maintained across retail credit and e-banking operations.