Aiful controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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2006
Regulatory suspension over lending practices
Japan’s Financial Services Agency imposed a business suspension that halted Aiful’s domestic operations for three business days and, in some areas, for as long as 25 days. The action followed criticism and regulatory findings concerning the company’s lending and repayment-collection practices.
2006
High-interest lending and borrower-protection controversy
Aiful was among the consumer-finance companies affected by controversy over high interest rates, aggressive repayment methods, and loans secured against borrowers’ real estate. Japanese reforms reduced the permitted lending rate and exposed lenders to claims for repayment of certain historical interest charges.