#Consumer’s report stated that publicity and advertisements involving loans have been overwhelming in recent years, emphasizing that borrowing money is easy to repay. In addition to encouraging irresponsible consumption, it is easier to fall into #borrowing trap.
It is recommended that the government revise the current money lenders regulations, regulate loan advertising methods, and establish a new #Industry-specific regulatory agency: strengthen license approval, establish prudent loan approval, introduce good practices, strengthen law enforcement and handle complaints.