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.
CIR
Current
Issue Date:
20 Dec 2022
20221220-2-EN.pdf (164.1 KB)
Topic:
Banking Conduct & Enforcement - Consumer Protection
Credit Risk Management - Retail credit risk management
Technology Risk Management - E-banking
Group:
All Authorized Institutions
Directly related Document
Cross referenced Document
Version History
Superseded Document
Directly related Document
Annex
Current
20 Dec 2022
Annex - Key Observations and Sound Practices on Consumer Protection in respect of Digital Platforms for the Application of Credit Products
CIR
Current
04 Sep 2020
Enhanced Disclosure Measures in respect of Digital Platforms for the Application of Unsecured Loan and Credit Card Products
Annex
Current
20 Dec 2022
Annex - Key Observations and Sound Practices on Consumer Protection in respect of Digital Platforms for the Application of Credit Products
CIR
Current
04 Sep 2020
Enhanced Disclosure Measures in respect of Digital Platforms for the Application of Unsecured Loan and Credit Card Products
Version History
Superseded Document
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