U.S. banking regulators urge ‘responsible use’ of alternative lending data

WASHINGTON (Reuters) – U.S. banking regulators said on Tuesday that lenders must have robust compliance tools in place to ensure “responsible use” of non-traditional sources of financial data to help determine whether a potential customer is credit worthy. In a … Continue reading U.S. banking regulators urge ‘responsible use’ of alternative lending data

U.S. consumer watchdog proposes exemptions for banks, credit unions on remittances

WASHINGTON (Reuters) – The U.S. consumer watchdog on Tuesday proposed making permanent an exemption that allows certain banks and credit unions to estimate the international remittance fees they charge consumers in instances when it may be too expensive for the … Continue reading U.S. consumer watchdog proposes exemptions for banks, credit unions on remittances

Kenyan president’s bid to remove lending rate cap passes parliament

Kenyan President Uhuru Kenyatta addresses the 74th session of the United Nations General Assembly at U.N. headquarters in New York City, New York, U.S., September 25, 2019. REUTERS/Eduardo Munoz/File Photo NAIROBI (Reuters) – The Kenyan president’s bid to remove a … Continue reading Kenyan president’s bid to remove lending rate cap passes parliament

Indonesia report on 737 MAX crash faults Boeing design, says Lion Air made mistakes

JAKARTA (Reuters) – Boeing, acting without adequate oversight from U.S. regulators, failed to grasp risks in the design of cockpit software on its 737 MAX airliner, sowing the seeds for a Lion Air crash that also involved errors by airline … Continue reading Indonesia report on 737 MAX crash faults Boeing design, says Lion Air made mistakes

Ethiopia to issue two telecoms licences by April, behind initial schedule

ADDIS ABABA (Reuters) – Ethiopia plans to award two telecoms licences to multinational mobile companies by April 2020, the new communications regulator said on Tuesday, an apparent delay in the timeline officials had previously set. Balcha Reba, director general of … Continue reading Ethiopia to issue two telecoms licences by April, behind initial schedule

Senior U.S. lawmaker says Boeing must shake-up management after 737 MAX crashes

WASHINGTON (Reuters) – The chairman of the U.S. House Transportation and Infrastructure Committee on Friday said Boeing Co must shake-up its management team and Congress must reform how new airplanes are certified following the disclosure of internal messages about the … Continue reading Senior U.S. lawmaker says Boeing must shake-up management after 737 MAX crashes