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High-Interest Financing Traps: Financial Supervisory Commission Implements Heavy Penalty Mechanism
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Legislators from the Democratic Progressive Party (DPP) criticized domestic financing companies, arguing they could become "legal underground banks," with some cases showing loan interest rates as high as 36.3%. The Financial Supervisory Commission (FSC) stated on the 2nd that 13 companies, including Chailease and Yujung Financial Holdings, have been included in the Financial Consumer Protection Act. The public can file complaints with the revie…
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