China National Financial Regulatory Authority Announces Support for Real Estate Sector Financing Needs

To support the stable development of the real estate sector, China’s National Financial Regulatory Authority (NFRA) recently announced that it will cover the adequate financing needs of real estate companies. This reflects the “indisputable responsibility” of the financial sector for the real estate sector. Officials at the National Financial Regulatory Authority (NFRA) on Thursday vowed … Read more

Financial Institutions Anticipate Contraction in Loans and Reduction in Credit Applications for Q1 of 2024: Bank of Spain Survey

Financial Institutions Anticipate Contraction in Loans and Reduction in Credit Applications for Q1 of 2024: Bank of Spain Survey

For the first quarter of 2024, Financial institutions expect supply to contract again in the segment of loans to households for consumption and other purposes, while it would not vary in the rest of the modalities. Refering to demand, a new generalized reduction in applications is anticipatedwith a similar intensity or somewhat greater than that … Read more

Alarming Increase in ‘Drop by Drop Fraud’ Scam Scheme Affecting Thousands Across the Country

Alarming Increase in ‘Drop by Drop Fraud’ Scam Scheme Affecting Thousands Across the Country

There has been an alarming increase in the phenomenon of “drop by drop fraud”, a scam scheme that has affected thousands of people in various regions of the country. This quick loan system, characterized by its ease of access and the absence of formal processes, has become a financial trap for those looking for quick … Read more