Central Banking

Non-bank credit card rules due in Thailand

THAILAND - Financial regulators were directed to draft measures to regulate credit cards issued by non-bank institutions by next month. Prime Minister Thaksin Shinawatra yesterday chaired a meeting on a proposed new credit card bill.

He directed the Bank of Thailand and the Finance Ministry to study whether existing laws, including criminal fraud laws, could be applied to control issuers while the new card bill was under parliamentary review, the Bangkok Post reported.

While local banks are

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