Dewan Rakyat passes Consumer Credit Bill to protect credit consumers

Dewan Rakyat passes Consumer Credit Bill to protect credit consumers

KUALA LUMPUR: The Consumer Credit Bill 2025, aimed at safeguarding the interests of credit consumers in the country, has been passed by the Dewan Rakyat. © New Straits Times Press (M) Bhd

HM Treasury Consultation on Consumer Credit Act Reform - Phase 1 Innovate Finance response - Innovate Finance – The Voice of UK FinTech

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Govt urged to set up credit scoring agency to regulate eligibility of borrowers

“Although in Malaysia we have credit reporting companies such as CTOS, the average citizen does not understand credit scores and does not know his/h...

MP suggests borrower eligibility regulator

KUALA LUMPUR, July 21 — The government should establish a creditworthiness or credit scoring agency to regulate the eligibility of consumers taking loans, the Dewan Rakyat was told today. Sim Tze Tzin (PH-Bayan Baru) said that with transparent creditworthiness, it can reduce consumers’ financial pressures and discourage borrowing from unlicensed money lenders or syndicates. “Although in Malaysia we have credit reporting companies such as CTOS, t…

Malaysia Passes Consumer Credit Law as Oversight Catches Up With BNPL Growth - Fintech News Malaysia

The Dewan Rakyat has passed the Consumer Credit Bill 2025, paving the way for enhanced regulation of non-bank credit and service providers in Malaysia, including buy-now-pay-later (BNPL) operators. According to The Star, the bill was passed via a voice vote in Parliament today (21 July). Its approval sets the groundwork for the formation of the Consumer Credit Commission (CCC), a statutory body under the Finance Ministry that will oversee credit…