Hong Kong police arrest 46 over illegal money lending scheme targeting domestic workers
Domestic workers had to submit their passports, employment contracts, and [...]
HKMA welcomes completion of migration of consumer credit reference services to Credit Data Smart
The Hong Kong Monetary Authority (HKMA) welcomes the joint announcement [...]
HKMA Aims to Introduce 7D Cooling-Off Period for Personal Loans by Mid-2025: Report
The Hong Kong Monetary Authority (HKMA) plans to require banks [...]
Loan-to-value ratio for mortgages to be relaxed: CE
In a bid to encourage more people to purchase a [...]
Hong Kong weekend home sales fall to eight-week low despite rate cut
Hong Kong’s property market has been under pressure from high [...]
Thirteen arrested as police smash loan shark syndicate in Tuen Mun
Police announced on Tuesday that they busted a loan shark [...]
Hong Kong police arrest 40 in crackdown on loan shark syndicate
Suspected proceeds from illegal debt collection exceeded HK$30 million, police [...]
TransUnion: 1Q24 Credit Card Outstanding Balances of HK Consumers Rise 8.6%; Finance Companies Increasingly Dominant in Personal Loan Mkt
According to the 1Q24 Industry Insights Report from TransUnion (TRU.US) -0.230 [...]
Hongkongers will get access to more than one credit reference agency under new scheme aimed at promoting competition
The Credit Data Smart programme will enable people to get [...]
Four men arrested for illicit lending at staggering 1000% interest rate p.a. in Mong Kok finance firm crackdown
26th January 2024 – (Hong Kong) Authorities have apprehended four [...]
