You have searched for "ABM"
Showing 111-120 of 150
PETALING JAYA: Various quarters are backing the call by Deputy Finance Minister Datuk Donald Lim to lower credit card interest rates but at the same time feel it would be more effective to reduce the escalating household debt by limiting the number of cards a consumer can have as well as the credit limit for cards.
PETALING JAYA: While banks, generally, are not reckless and irresponsible lenders going by the non-performing loans (NPLs) yardstick, they should be watchful when extending loans which may be risky amid the spike in household debt, said RAM Holdings Bhd group chief economist Dr Yeah Kim Leng.
THE online interbank business has been gaining popularity over the last few years as more consumers are now turning to the Internet to make payments electronically. With higher volume of online interbank transactions, banks have been enjoying good income from this channel and are upbeat about its growth potential amid the weak economy.
PETALING JAYA: Credit-card users who are told to pay extra if they use their cards instead of cash should be aware that merchants are not allowed to impose merchant fees on users as stipulated in the card associations' operating regulations.
Less than a month ago, US President Barack Obama signed sweeping credit card reforms into law to shield American credit card holders from predatory fees, among others. With mounting credit card debts and a tough climate, could now be a good time for Malaysia to consider similar reforms?
THE Malaysia Institute of Banks (IBBM) is formulating a Banking and Finance Industry Competency Framework to set international standard benchmark for the local banking and financial industry.