The newly adopted rules are intended to address several critical areas of concern, particularly regarding the use of certain types of land as collateral for loans, the handling of personal identification documents, and the provision of credit to vulnerable households.

The Reserve Bank of India (RBI) on Friday said it has come across instances of micro lenders and non-bank financiers charging high, 'usurious' interest rates on small-value loans, reminding them to judiciously use their pricing power. 

Licensed digital/online money lenders, who are diverting from the newly issued digital lending guidelines issued in March by the Uganda Microfinance Regulatory Authority (Umra), risk having their licenses revoked, the sector regulator has warned.

Registration is now open for the annual Responsible Finance Forum (RFF) event, convened by the Center for Financial Inclusion at Accion, which will take place July 2-3, 2024 in Fortaleza, Brazil. 

Dock, an innovator in payments and digital finance infrastructure across Latin America, will provide a range of options to make credit offerings more flexible, clear and understandable for consumers.

The National Bank of Cambodia and the Cambodia Microfinance Association recently launched a project called Strengthening Safe Finance in Community to enhance safe and secure use of formal financial services and increase access to these services.

National Bank of Cambodia and the Cambodian Microfinance Association recently announced a joint initiative, Strengthening Safe Finance in Communities aimed at increasing financial literacy, consumer empowerment, and client protection.

The partnership will help chart a roadmap for responsible growth, financial stability and customer protection in Cambodia's microfinance and broader financial sector.

The enactment of the new regulation could majorly update the the Indonesian Financial Services Authority's stated goal of maintaining a stable and transparent financial sector while protecting consumers and society.

Citi will be the only top five U.S. bank to completely eliminate these fees, representing its continued commitment as a top leader in banking to increase financial inclusion in underserved communities.