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✉news BusinessBanking first seen 17 h ago, last 5 h ago, peak #15

Central Bank Proposes Expanding Credit Database to Non-Bank Lenders

The central bank has put forward a proposal to expand the credit database to cover non-bank lenders, broadening the scope of credit information beyond traditional banks. Under the plan, lenders such as consumer finance and microloan firms would feed borrower data into the shared system, giving a fuller picture of household debt. The proposal signals closer regulatory oversight of shadow banking and could affect how non-bank borrowers access and are assessed for credit.

Why now: Fresh regulatory proposal with potential impact on lending practices and borrower credit assessments

central banknon-bank lenderscredit database

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