From Associated Press By MARCY GORDON, AP Business Writer October 21, 2014 WASHINGTON (AP) —...
Prudential Regulations for Microfinance Banks/Institutions of 2007 (consumer protection-related)
(amended through 2010)
Prudential Regulations for Microfinance Banks/Institutions set forth a cap amount that a borrower in Pakistan can borrow in aggregate from MFBs, MFIs, other financial institutions or NGOs, and aims to prevent over-indebtedness clients. It also requires disclosure of terms and conditions to clients, in addition to imposing service charges and penalties.