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 credit products applied via digital platforms. The document outlines key observations and sound practices aimed at enhancing transparency and safeguarding consumers in the digital lending ecosystem. It serves as a regulatory guide for authorized institutions to ensure robust risk management and ethical conduct in e-banking services.