The New Regulations Are Not Going to Be Light Touch

The new set of rules will be announced any day, and they will be stern. As we have heard, there there is some legislation that is planned for money lending. A lot of these companies are unlicensed credit card players. There will also be rules regarding predatory prizing. Banks and digital lenders will continue to lobby against each other in this massive market worth several trillions of dollars. But the latter will have to prove themselves as sellers of credible financial products hat deserve our trust and our money.