2023-03-12

Formal Consultation on the Proposed Draft Consumer Credit Bill

The regulator issued a formal consultation on the proposed draft Consumer Credit Bill to modernize lending standards and strengthen consumer safeguards. The document details mandatory changes to credit reporting protocols, interest rate disclosures, and default management procedures for licensed financial institutions. Industry stakeholders must review the proposed amendments and submit formal comments to finalize the legislative framework.

Namibia

Namibia Financial Institutions Supervisory Authority

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Create Date March 12, 2023

Last Updated October 18, 2024

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