Consumer Credit Act to be enacted to regulate 'Buy Now, Pay Later' schemes, Dewan Rakyat hears | TheStarTV.com

Consumer Credit Act to be enacted to regulate 'Buy Now, Pay Later' schemes, Dewan Rakyat hears

Published on 15 Mar 2022 1:34:08 PM

Deputy Finance Minister II Yamani Hafez Musa said new laws will be introduced to regulate and monitor "Buy Now, Pay Later" (BNPL) schemes.

Speaking in Dewan Rakyat on Tuesday (Mar 15), he said t this will be done through the enactment of the Consumer Credit Act in 2022, which aims to strengthen regulatory arrangements for all consumer credit activities, including providers of BNPL schemes.

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Keywords
parliament, buy now pay later, schemes, consumer credit act, regulation, finance ministry, yamani hafez musa

Deputy Finance Minister II Yamani Hafez Musa said new laws will be introduced to regulate and monitor "Buy Now, Pay Later" (BNPL) schemes.

Speaking in Dewan Rakyat on Tuesday (Mar 15), he said t this will be done through the enactment of the Consumer Credit Act in 2022, which aims to strengthen regulatory arrangements for all consumer credit activities, including providers of BNPL schemes.

Read more at https://bit.ly/3JbUBjR

WATCH MORE: https://thestartv.com/c/news
SUBSCRIBE: https://cutt.ly/TheStar
LIKE: https://fb.com/TheStarOnline

Keywords:
parliament, buy now pay later, schemes, consumer credit act, regulation, finance ministry, yamani hafez musa

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