RBI sees 'dark patterns' in mis-selling of digital loans

RBI deputy governor M Rajeshwar Rao has cautioned about 'dark patterns' in mis-selling of digital loans where customers are deceived into availing high-cost loans. The deputy governor has also said that RBI will relook at risk management framework for lenders on liquidity and market risk. According to Rao, mis-selling has taken on a digital form known as 'dark patterns'. These design interfaces and tactics are intended to deceive users into specific behaviours, such as obtaining high-cost, short-term consumer credit under the guise of an instant loan.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/dFCpkMR
>

Comments

Post a Comment

please do not enter any spam link in the comment box.

Popular posts from this blog

China's video-game curbs shock stocks

Image
China's raft of new measures limiting players' spending on video games sent ripples through stock markets globally. Prosus and Naspers slumped in Amsterdam and Johannesburg due to the regulator's draft rules, impacting their holdings in Tencent. The Nasdaq Golden Dragon China Index declined, with NetEase leading losses. Ubisoft and Unity Software also fell. China's gaming regulator published draft rules targeting practices that encourage excessive spending in online games, sparking fears of an industry crackdown. Prosus's sensitivity to factors beyond its control, such as its Tencent stake, is evident in its stock performance. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2helx8j >
Read more

Relief for lessors: Delhi high court directs DGCA to de-register 54 GoAir planes

Image
The lessors of 54 aircraft to grounded-since-last May GoAir finally got relief on several counts from the Delhi high court on Friday which directed the Directorate General of Civil Aviation (DGCA) to de-register these planes within a maximum of five working days. The revival of GoAir under IBC is now an even tougher task as the lessors are learnt to be wooed by both Tata’s Air India and cash-rich IndiGo to get around 15 of the Airbus A320 family planes which could fairly quickly be made airworthy. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/9ngoHkv >
Read more