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Singapore

Government Suggests Restricting Access to Credit to Prevent Problem Debt

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Singapore’s financial regulator, the Monetary Authority of Singapore, is suggesting a new way to prevent people from slipping into debt. The suggestion, don’t give some people access to credit. According to the suggestions, lenders would not be allowed to make unsolicited offers to increase credit limits and consumers that are 60 or more days delinquent will not be allowed to ... Read More »

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