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Ant Financial's Alipay bans high-interest loans, as Chinese regulators eye online lenders
Alibaba Group affiliate Ant Financial has banned consumer loans with annual interest rates above 24 percent from its Alipay platform. The company said it recently found some problematic cases involving "interest rates above the legal limit and ...
Alibaba's finance arm bans high-interest consumer loansFinancial Times
Jack Ma's Alipay Caps Online Loan Rates at 24%, Lenders TumbleBloomberg
Ant Financial targets loan products with exorbitant interest ratesAsia Times

all 8 news articles »

Loans in the balance as international community weighs corruption in Guatemala
Guatemala's economy depends on international loans and investment, and those loans are typically tied to progress against corruption. A U.N.-backed commission, the International Commission Against Impunity in Guatemala, known by its Spanish acronym ...

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UPDATE 1-Chinese firms scrap plans for micro loan business amid crackdown on 'blind borrowing'
Business Insider
BEIJING, Nov 23 (Reuters) - A Chinese menswear firm and a leading maker of POS terminals said late on Wednesday they had given up plans to set up micro-loan units, one day after policymakers took steps to tighten supervision of the lightly regulated ...


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