Tag Archives: SECP bars digital lenders from deducting upfront charges

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has briefed the non-banking finance companies (NBFCs) on improved regulatory requirements, recently imposed through Circular No. 15 to address the complaints of mis-selling, inflated charges and undue access to customers data. Senior management of all the licenced NBFCs engaged in digital lending participated in the online session on Saturday. Giving an …

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