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'Made too easy': 'Buy now, pay later' schemes ensnare consumers in Malaysia in web of purchases, debt

'Made too easy': 'Buy now, pay later' schemes ensnare consumers in Malaysia in web of purchases, debt
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Malaysia , Kuala-lumpur , Malaysian , Consumer-credit-oversight-board , Consumer-credit-act ,

Reducing the risks of buy now pay later schemes | The Malaysian Insight

Reducing the risks of buy now pay later schemes | The Malaysian Insight
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Malaysia , Malaysian , Bank-negara-malaysia , Federation-of-malaysian-consumers-associations-fomca , Consumers-international , Asian-financial-centre , Financial-stability-review , Malaysian-consumers-associations , Consumer-credit-oversight-board , Alaysian , Ews

Reducing the risks of buy now pay later schemes | The Malaysian Insight

Reducing the risks of buy now pay later schemes | The Malaysian Insight
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Malaysia , Malaysian , Federation-of-malaysian-consumers-associations-fomca , Bank-negara-malaysia , Asian-financial-centre , Consumers-international , Financial-stability-review , Malaysian-consumers-associations , Consumer-credit-oversight-board ,

CCA to provide clearer regulatory framework for consumer credit biz, better consumer protection

KUALA LUMPUR, April 9 — The Consumer Credit Bill, targeted for tabling in Parliament in the fourth quarter of 2023, will strengthen the protection for consumers while supporting...

Kuala-lumpur , Malaysia , United-kingdom , United-states , Twin-peaks , Western-australia , Australia , New-zealand , Abu-hassan-alshari-yahaya , Securities-commission-malaysia , Ministry-of-domestic , Islamic-financial-services-act

Regulation of BNPL schemes timely

PETALING JAYA: The fast-growing buy now pay later (BNPL) space which is expected to be regulated and come into force by the end of this year under Phase 1 of the Consumer Credit Act (CCA) is timely, as it will ensure responsible lending and help the vulnerable from falling into debt traps.

Malaysia , United-states , Singapore , Petaling , Malaysia-general- , Malaysian , Experian-information-services-malaysia , Experian , Consumer-credit-act , Information-services-malaysia , Dawn-lai

Pace sees 75 times growth in active shoppers | Daily Express Online - Sabah's Leading News Portal

Online payment platform Pace Now Enterprise Sdn Bhd recorded 75 times growth in monthly active shoppers, and 89 times growth in monthly transactions with a payment default rate of under 0.8 per cent for Pace users, well below industry standard in many markets, founder and chief executive officer Turochas Fuad said

Kuala-lumpur , Malaysia , Indonesia , Singapore , Malaysian , Sdn-bhd , Turochas-fuad , Asia-pacific , Singapore-fintech-association , Buy-now , Pay-later , Pace-now-enterprise-sdn-bhd

Malaysia: Public Consultation Paper (Part 1) on the Proposed Enactment of the Consumer Credit Act

Malaysia: Public Consultation Paper (Part 1) on the Proposed Enactment of the Consumer Credit Act
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Ministry-of-housing , Baker-mckenzie-international , Ministry-of-domestic , Consumer-affairs , Consumer-credit-oversight-board-task-force , Consumer-credit-act , Local-government , Moneylenders-act , Pawnbrokers-act , Domestic-trade , Hire-purchase-act

Malaysian Authorities, Regulators Seeking Feedback For Proposed BNPL Regulation

Malaysian Authorities, Regulators Seeking Feedback For Proposed BNPL Regulation
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Malaysia , Ministry-of-domestic , Ministry-of-housing , Consumer-creditoversight-board-task , Ministry-of-entrepreneur-development-and-cooperation , Consumer-affairs , Securities-commission-malaysia , Bank-negara-malaysia , Companies-commission-of-malaysia , Consumer-creditoversight-board-task-force , Consumer-credit-act

CCOB task force invites feedback on proposed enactment of Consumer Credit Act

KUALA LUMPUR: The Consumer Credit Oversight Board (CCOB) Task Force is seeking feedback on the proposed regulatory and authorisation framework, as well as areas that will be addressed in the legislation to promote high standards of professionalism and fair conduct of credit providers and credit service providers.

Kuala-lumpur , Malaysia , Ministry-of-finance , Ministry-of-entrepreneur , Ministry-of-domestic , Cooperatives-development , Malaysia-societies-commission , Ministry-of-housing , Consumer-affairs , Securities-commission-malaysia , Bank-negara-malaysia