Consumer Financial Problems Not Limited to America

I spotted a recent article out of Singapore where the Association of Muslim Professionals (AMP) had expressed a concern over the level of indebtedness local households of Malays were facing. If you extracted the local references out of the article it sounds just like the problems faced by people in Iowa or Texas. “While household … Read more

Government Suggests Restricting Access to Credit to Prevent Problem Debt

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 … Read more

FTC Gives APEC Cross-Border Privacy Rules Thumbs Up For Consumer Information Protection

Yesterday, President Obama and representatives from other Asia-Pacific Economic Cooperation (APEC) economies met to discuss consumer cross-border data privacy protection at a meeting in Honolulu, Hawaii. The meeting focused on the APEC Cross-Border Privacy Rules, a new initiative to harmonize safe data sharing across country borders and enhance the protection of consumer data that moves … Read more