Regulatory Alerts2025-10-31
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Consumer Credit Bill (CCB) Summary of Comments October 2025
Multiple Namibian financial stakeholders submitted consolidated comments on the draft Consumer Credit Bill to the Minister of Finance, proposing key amendments to statutory definitions, regulatory jurisdiction, and consumer protection mechanisms. The feedback addresses constitutional compliance, clarifies the oversight roles of NAMFISA and the Bank of Namibia over credit bureaus and lenders, and mandates clearer standards for consolidation loans, collection costs, and credit scoring. Regulators have acknowledged these submissions, indicating that revised definitions will be incorporated and forthcoming standards will undergo targeted consultation to ensure legal certainty before enactment.