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Singapore

Credit bureau for moneylenders to start operating on March 1

Published Wed, Feb 24, 2016 · 08:51 AM
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[SINGAPORE] A credit bureau for moneylenders in Singapore will begin operating on March 1, the Ministry of Law (MinLaw) announced on Wednesday (Feb 24).

The Moneylenders Credit Bureau (MLCB) will enable licensed moneylenders to assess the creditworthiness of borrowers, and help borrowers avoid borrowing beyond their means.

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