Thursday, August 11, 2022

Fintechs to seek clarity on RBI lending rules

The RBI has, in the digital lending rules, addressed malpractices by illegal Chinese apps, putting a lid on measures such as data scraping from phones of consumers, emphatic consent for data collected for lending, upfront disclosure on all costs involved and a cooling-off period for borrowers to exit digital loans.

from Tech-Economic Times https://ift.tt/0VZj4sa

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MDR on UPI will hit businesses, not users: FM Nirmala Sitharaman hits back at Congress' Jairam Ramesh

Sitharaman accused the opposition leader of "spreading a canard" and clarified that MDR "applies only on the merchants and no...