The Consumer Credit Act (CCA), drafted jointly by Bank Negara and the Securities Commission (SC), seeks to provide a comprehensive framework for regulating the conduct of entities carrying out the business of providing credit or credit services to such consumers, with an immediate focus on those that are not currently subject to direct regulation by any authority.
KUALA LUMPUR: Consumers will be accorded extra protection once a new act is passed that will regulate companies that provide credit or credit services to people.
The Consumer Credit Act (CCA), drafted jointly by Bank Negara and the Securities Commission (SC), seeks to provide a comprehensive framework for regulating the conduct of entities carrying out the business of providing credit or credit services to such consumers, with an immediate focus on those that are not currently subject to direct regulation by any authority.
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