Responsible Lending - Changing Regulatory Environment and Industry Practices

Insight Report: Responsible Lending - Changing Regulatory Environment and Industry Practices report highlights the key regulations enforced by regulatory authorities across the world to curb the after-effects of the global financial crisis. Governments and regulatory bodies across the world have enforced numerous measures to curb irresponsible lending practices by banks and other credit institutions. The US was the country most affected by the financial crisis, and was at the forefront of enforcing responsible lending practices in the banking industry to restore consumer confidence in, and stability to, the industry.