Domestic workers had to submit their passports, employment contracts, and employers’ contact information to get the money, Chief Inspector Ho Yan-kit said. Hong Kong police have arrested 46 people allegedly [...]

The Hong Kong Monetary Authority (HKMA) plans to require banks to offer at least a 7-day cooling-off period for unsecured consumer credit products, which means customers can cancel loans at [...]

In a bid to encourage more people to purchase a home and to stimulate the city's property market, Chief Executive John Lee on Wednesday said the government would relax the [...]

Hong Kong’s property market has been under pressure from high borrowing costs and a weak economy, with prices declining to the lowest in eight years. LOWER interest rates have yet [...]

Police announced on Tuesday that they busted a loan shark syndicate and arrested 13 people, with the youngest being 14, in relation to criminal cases concerning over HK$100 million. The [...]

Suspected proceeds from illegal debt collection exceeded HK$30 million, police say Hong Kong police have arrested 40 people in a four-day crackdown on illegal debt collection gangs, with the proceeds [...]

According to the 1Q24 Industry Insights Report from TransUnion (TRU.US)  -0.230 (-0.318%)   After 0.000%, consumer demand for new credit cards in Hong Kong remained subdued towards the end of 2023 as existing credit [...]

The Credit Data Smart programme will enable people to get a free report from Nova Credit, PingAn OneConnect Credit and TransUnion Credit ‘It gives the entire system much more resilience [...]

26th January 2024 – (Hong Kong) Authorities have apprehended four men in the Mong Kok district, suspected of offering loans at an exorbitant interest rate of 1,000% per annum. This [...]

The Privacy Commissioner has called on the government to regulate credit reference databases after finding breaches by a Kowloon Bay software company put at risk the personal data of some [...]

Privacy Commissioner Ada Chung says Softmedia Technology Company allowed money lenders access to database for as little as HK$2 Softmedia claims its database is largest of its kind in Hong [...]

A tech company was accused by the privacy watchdog yesterday of allowing 680 money-lending companies to check the credit data of about 180,000 borrowers without authorization. The Office of the [...]