Regulatory Alerts2017-08-07
Added · Updated
Proposed Amendment to the Enforcement Decree of the Act on Registration of Credit Business and Protection of Finance Users
The Financial Services Commission proposes amending the Enforcement Decree of the Act on Registration of Credit Business, etc. and Protection of Finance Users to reduce the legal limit on interest rates charged by moneylenders and specialized credit finance companies to 24% per year. This proposed rule change is open for public comment until August 22, 2017.