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Google removes some lending apps in India to protect consumers
MUMBAI (Reuters) - Alphabet Inc's Google has removed some lending apps aimed at consumers in India from Play Store in an attempt to safeguard users, it said in a blog post on Thursday.
RBI forms panel to look into digital lending practices
MUMBAI (Reuters) - The Reserve Bank of India said on Wednesday it had formed a working group to look into digital lending practices, following reports of policy violations and borrower harassment by several digital lending apps in India.
Exclusive: Chinese regulators to push tech giants to share consumer credit data - sources
HONG KONG (Reuters) - China plans to push tech giants including Ant Group, Tencent and JD.com to share consumer loan data to prevent excess borrowing and fraud, two people with knowledge of the matter said, in Beijing's latest tightening of scrutiny.
Some lending apps thrive on India's Google Play despite policy violations
MUMBAI (Reuters) - At least 10 Indian lending apps on Google's Play Store, which have been downloaded millions of times, breached Google rules on loan repayment lengths aimed at protecting vulnerable borrowers, according to a Reuters review of such services and more than a dozen users.
Paving the road to recovery
Direct Lending helps make financing simple, safe and affordable to working adults.
JPDP to investigate six unlicenced moneylending apps for personal data abuse
JPDP said the six apps have been found to have accessed and copied its users information, including personal data that are not related to the loan application, without their permission.
CMCO: Search for unclaimed money, read free books and other things to do online
Wondering what to do online during CMCO? Here are five possible things.
Boom or bust? Welcome to the freewheeling world of crypto lending
It sounds like a surefire bet. You lend money to a borrower who puts up collateral that exceeds the size of the loan, and then you earn interest of about 20%. What could possibly go wrong?
In Japan’s Kyoto, tech winners help bank weather coronavirus-induced tourism slump
Bank of Kyoto, a regional lender based in the ancient Japanese city, has a unique buffer against the hit to tourism from the coronavirus – dividends from local high-tech heavyweights.
Amazon pauses sellers' loan repayments amid coronavirus
Amazon.com Inc on March 25 said it temporarily would not require sellers in its marketplace to repay loans it had made to them, as merchants confront the prospect of declining sales during the coronavirus pandemic.