Regulatory Alerts2023-05-12
4th Draft Consumer Credit Bill (CCB), 23 January 2023 – For Consultation
The regulatory authority issued the fourth draft of the Consumer Credit Bill to overhaul lending standards and enhance consumer safeguards. The legislation mandates comprehensive licensing for credit providers, enforces standardized interest rate caps, and requires transparent fee disclosures in all loan agreements. Industry stakeholders must evaluate the proposed compliance timelines and submit formal feedback to finalize regulatory implementation.
Share