Regulatory Alerts2023-03-12
Added · Updated
Formal Consultation on the Proposed Draft Consumer Credit Bill
NAMFISA, directed by the Minister of Finance and Public Enterprises, has released a proposed draft Consumer Credit Bill to strengthen regulatory oversight and ensure fair, transparent market conduct for credit consumers. The regulator requires industry stakeholders and the public to submit structured feedback via a designated template by 31 December 2023, encouraging submissions through existing associations. Regional consultation meetings will be held between June and September 2023, with the full draft legislation and submission guidelines accessible on the NAMFISA website.