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May 2006 Issue

Bulletin

REGULATORY RESPONSE TO CARD DEBT ISSUE

Over the past several years, most of Taiwan''s financial institutions have entered the consumer credit market, and in particular have strongly promoted cash cards and credit cards. The result is large amounts of non-performing loans, not only causing huge losses for the financial insti-tutions themselves, but also creating general so-cial problems.In order to address the financial and social issues, the Financial Supervisory ... More

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