KOROR, Palau — The Financial Institutions Commission has strengthened its bank supervision capabilities through a three-day training focused on bank examination, off-site monitoring and risk-based on-site examinations. The Bank Examination Training was held June 29 and July 1-2 at the FIC Conference Room in Koror. Participants included Executive Commissioner Valorie Tikei Sbal and bank examiners […]
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New lending rules aim to protect consumers, but questions remain
By: L.N. Reklai KOROR, Palau — A proposed bill before the Olbiil Era Kelulau, Senate bill 12-55, is intended to better protect people from unfair and predatory lending practices by requiring lenders to clearly explain loan terms before any agreement is signed. While the goal is to protect borrowers, unclear parts of the bill could […]