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.
CIR
Current
Issue Date:
20 Dec 2022
20221220-3-EN.pdf (207.2 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Superseded Document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
CIR
Current
20 Dec 2022
Feedback from Recent Review 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
CIR
Current
20 Dec 2022
Feedback from Recent Review 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Superseded Document
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