trending Market Intelligence /marketintelligence/en/news-insights/trending/3R2_RA-XPZzFR_AjnZQpOQ2 content esgSubNav
In This List

Tokyo government says Line Credit engages in excessive lending

Blog

Insight Weekly: Bank boards lag on gender parity; future of office in doubt; US LNG exports leap

Blog

Insight Weekly: Job growth faces hurdles; shale firms sit on cash pile; Africa's lithium future

Podcast

Street Talk | Episode 99 - Higher rates punish bond portfolios, weigh on bank M&A

Blog

Insight Weekly: Loan growth picks up; US-China PE deals fall; France faces winter energy crunch


Tokyo government says Line Credit engages in excessive lending

The Tokyo metropolitan government said online lending service LINE Credit Corp. engaged in alleged excessive lending practices, and issued a business improvement order, The Nikkei reported Jan. 21.

Authorities say the Line Corp. unit violated financial regulations by lending 32 customers more than one-third of their annual income, and also failed to collect proof of income certificates from 16 loan recipients.

The metropolitan government ordered Line Credit to submit a business improvement plan by Feb. 26.