Regulatory Alerts2025-10-31
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Consumer Credit Bill (CCB) Draft October 2025
The Namibian Minister of Finance has introduced a final draft Consumer Credit Bill to consolidate and comprehensively reform the national credit framework. The legislation establishes a dedicated Consumer Credit Regulator to oversee the registration and conduct of credit providers, bureaus, and debt collectors while mandating strict pre-agreement disclosure, affordability assessments, and statutory interest rate caps. It grants consumers enhanced rights to information and privacy, streamlines debt collection and enforcement procedures, and repeals the Usury, Credit Agreements, and Microlending Acts to promote responsible lending across retail and microfinance sectors.