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“Blocking Illegal Debt Collection and High Interest Rates”… FSS Strengthens Supervision of Local Government Lending Businesses
Summary by ddaily.co.kr
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[Digital Daily Reporter Kang Ki-hoon] The Financial Supervisory Service (FSS) has stepped up its management and supervision of moneylenders registered with local governments. This move aims to prevent predatory financial practices targeting the working class and vulnerable groups, such as illegal debt collection and violations of the legal maximum interest rate. The FSS announced on the 22nd that it held the "Briefing Session for Nationwide Loc…
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