Global Responsible Lending - Changing Regulatory Environment and Industry Market Growth, Trends And Forecast
ResearchMoz include new market research report "Responsible Lending - Changing Regulatory Environment and Industry Practices: Industry Analysis, Size, Share, Growth, Trends And Forecast" to its huge collection of research reports.
Governments and regulatory bodies across the world have enforced numerous measures to curb irresponsible lending practices by banks and other credit institutions. These bodies have also taken initiatives to create consumer awareness about prudent borrowing to avoid excess debt. Excessive fees and interest rates on loans, lack of disclosure of products’ terms and conditions, and deceptive debt-collection practices by banks and credit institutions contributed significantly to the financial crisis in the US and other developed economies in 2008–2009.
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