Regulation, Risk & Compliance
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UAE cracks down on misuse of home loans
The United Arab Emirates is cracking down on the misuse of home loans to prevent risky borrowing as an ongoing property slump weighs on banks. The central bank issued a notice to lenders “to stop certain unacceptable practices” involving mortgages, which enabled some borrowers to use home loans for purposes…
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Click here to read the full story: Gulf News