Illegal loan apps: SECP Announces Strict Limits for Loan Apps and Borrowers
To protect borrowers from unfair practices and ensure their financial stability in the digital nano-lending industry, the SECP (Securities and Exchange Commission of Pakistan) has introduced new rules through Circular 10 of 2023. These rules set limits on the amount of exposure that both digital lenders and borrowers can have, aiming to create a safer … Read more