Personal loans to get costlier? Interest rates likely to rise by up to 1.5% in 2024 with new RBI rules
Tuesday, 16 January 2024 Personal loans are set to become more expensive in the coming year, with non-banking financial companies (NBFCs) facing difficulties due to recent rule changes by the Reserve Bank of India (RBI). The RBI has increased the risk weight on consumer credit from 100% to 125%, resulting in higher costs for unsecured lending.
Biden Admin Seeks , to Reduce Bank Overdraft Fees , With New Proposal.
CNBC reports that the Consumer Financial Protection
Bureau (CFPB) has unveiled long-awaited updates to how
major banks structure their overdraft protection plans. .
CNBC reports that the Consumer Financial Protection
Bureau...
Tuesday, 16 January 2024
