Soon, plastic for the people

Banking Act changes give lower-income access to unregulated, limited credit.

There may not be a name for it yet, but cards granting up to $500 in credit could soon line the pockets of Singaporeans who do not qualify for existing credit cards.

The way was paved for this new kind of credit product when Parliament approved changes to the Banking Act yesterday.

First the "Intergrated Resorts" and now this!?

I detest the government more and more each day. What are they doing now? They're supposed to protect the people!