Brief: Norway imposes tougher regulation on consumer lending, credit cards

Morrow Bank ASA

12/02/2019 06:36

Feb 12 (Reuters) - NORWAY'S FINANCE MINISTRY SAID:
    * NORWAY IMPOSES NEW REQUIREMENTS ON BANKS OFFERING
NON-MORTGAGE
CONSUMER LOANS
    * NEW LENDING REGULATION INCLUDES CREDIT CARDS
    * BANKS MUST COMPLY WITH NEW REGULATION BY MAY 15 2019
    * NORWAY FINANCE MINISTRY SAYS EARLIER LENDING GUIDELINES
WERE NOT
FOLLOWED, WHICH IS WHY NEW RULES ARE IMPOSED AS REGULATORY
REQUIREMENT

Source text (in Norwegian): https://bit.ly/2GArbOQ

 (Reporting by Oslo newsroom)
 ((terje.solsvik@thomsonreuters.com;))