Singapore central bank wants more oversight of credit bureaus.
Global Banking News-August 12, 2014--Singapore central bank wants more oversight of credit bureaus
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Global Banking News - 12 August 2014
The central bank of Singapore has said that it wants more oversight of credit bureaus.
On Tuesday, the apex bank said that it is proposing to enact a new Credit Bureau Act (CBA). This would impose more formal oversight on such agencies.
Credit bureaus in Singapore are not subjected to regulation or penalties.
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