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India: RBI Cautions Micro Lenders, NBFCs Against High, ’Usurious’ Interest Rates

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. 

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Uganda: Online Lenders Harassing Borrowers Risk Closure

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.

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Registration Now Open for Responsible Finance Forum July 2-3 in Fortaleza, Brazil

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. 

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Indonesian Financial Services Authority Enacts Consumer and Public Protection Regulation in the Financial Services 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.

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Thai Household Debt Skyrockets from Credit Cards, Loans and Car Loans

The Bank of Thailand has been asked to review the ceiling of interest rates and supervise credit cards, personal loans and car loans, as the Thai government has vowed to tackle high household debt, incurred by credit card and personal loans.