Govt to expedite tabling of Consumer Credit Act, says Finance Ministry

KUALA LUMPUR: The government is committed to expediting the proposed tabling of the Consumer Credit Act, which will make it mandatory for non-bank credit providers to adhere to prudential standards and guidelines, says the Finance Ministry.

In a written Parliamentary reply Tuesday (Oct 29), the ministry said this would apply to non-bank credit providers, such as Buy Now Pay Later (BNPL) providers.