OSLO, April 4 Norway will impose new limitations
on the marketing of credit cards and other high-interest loans
to better protect consumers, the government said in a statement
** The new rules will restrict the most aggressive forms of
marketing but fall short of proposals by some consumer advocates
to ban the marketing altogether.
** Other measures by the government will include a
centralised debt register that allows banks to assess an
individual's overall debts, and will also make it mandatory for
lenders to better inform borrowers of the size of their debt.
** High-interest consumer debts grew by 15 percent in 2016,
according to Norway's banking industry regulator, which has
proposed caps on household borrowing.
(Reporting by Terje Solsvik, editing by Ole Petter Skonnord)