Govt to expedite tabling of Consumer Credit Act, says Finance Ministry

KUALA LUMPUR: The government is committed to expediting the proposed tabling of the Consumer Credit Act, which will make it mandatory for non-bank credit providers to adhere to prudential standards and guidelines, says the Finance Ministry.

“Moving forward, the government will continue to monitor household debt levels and take appropriate steps to ensure that household debt growth remains manageable and in line with borrowers' repayment capabilities,” it said. The largest portion of household debt comprised of housing loans, making up 61% of total household debt, followed by vehicle loans at 13.5%, personal financing , and loans for other purposes, such as non-residential property purchases, credit card debt, securities, among others.

Brasil Últimas Notícias, Brasil Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

Govt plans to amend Land Acquisition Act to protect national assets, public interestsKUALA LUMPUR: Prime Minister Datuk Seri Anwar Ibrahim said the government plans to amend the Land Acquisition Act 1960 (Act 486) to ensure that nation...
Fonte: theSundaily - 🏆 25. / 51 Consulte Mais informação »