KUALA LUMPUR: Following the enforcement of the Consumer Credit Act 2025 on 1 March 2026, the Consumer Credit Commission - Suruhanjaya Kredit Pengguna (SKP) has announced its first line-up of leadership, led by Executive Chairman Abu Hassan Alshari Yahaya (pic), along with the Board Members.
This three-year appointment, made by the Minister of Finance, marks the official commencement of SKP's operations as the regulatory body responsible for overseeing consumer credit providers in Malaysia, with the objective of ensuring that lending practices are implemented transparently, fairly, and responsibly, in line with the mandate under the Consumer Credit Act 2025.
Abu Hassan is a former Assistant Governor of Bank Negara Malaysia (BNM) who headed the Consumer Credit Oversight Board Task Force, established in July 2021 to collaboratively draft the Consumer Credit Bill with relevant ministries and agencies.
Previously, he led several key functions at BNM, including finance, currency management, strategic communications, and Centralized Support Services. He has extensive experience in banking supervision and served as Secretary to the Board of Directors during his career at BNM.
A Bachelor of Economics graduate from Monash University, Australia, he also held positions as a Board Member at the Malaysia Co-operative Societies Commission (SKM) and the Credit Counselling and Debt Management Agency (AKPK).
Eight other SKP Board Members, as well as three alternate members, have also been appointed. These appointments include representatives from the Ministry of Finance (MOF), BNM, the Securities Commission Malaysia (SC), as well as experienced professionals from the industry.
The other list of appointments is as follows:
* Salmah Bee Mohd Mydin (Deputy Executive Chairman)
* Nahidah Usman (Non-Executive Independent Representative Member (MOF)
* Mohamad Azizal Abd Aziz (Alternate to Non-Executive Independent Representative Member - MOF)
* Dr. Norhana Endut (Non-Executive Independent Representative Member - BNM)
* Endran Fadzil (Alternate to Non-Executive Independent Representative Member - BNM)
* Yew Yee Tee (Non-Executive Independent Representative Member - SC)
* Azryta Abdul Aziz (Alternate to Non-Executive Independent Representative Member - SC)
* Datuk Mohd Muazzam Mohamed (Non-Executive Independent External Member)
* Datuk Mohamed Ridza Mohamed Abdulla (Non-Executive Independent External Member)
* Leong Kah Chern (Non-Executive Independent External Member)
* Murali Desan SP Krishnamurthy (Non-Executive Independent External Member)
"The enactment of the Consumer Credit Act 2025 is an important step in the Government's reform agenda to strengthen consumer protection in the financial sector. Malaysia has for the first time witnessed comprehensive legislation specifically focused on the regulation of consumer credit outside the banking sector, thereby strengthening and improving the landscape of the nation's consumer credit industry," said Abu Hassan (pic, below).
SKP is committed in its role to ensure that the nation's consumer credit ecosystem develops in a responsible, healthier and sustainable manner, while strengthening consumer confidence in Malaysia’s credit industry.
* For more information, contact Puan Anna Maria Binti Samsudin at (019-221 5354) or email (anna.samsudin@bnm.gov.my).
About the Consumer Credit Commission - Suruhanjaya Kredit Pengguna (SKP)
SKP was established under the Consumer Credit Act 2025, which came into force on 1 March 2026. SKP is responsible for overseeing and regulating consumer credit providers in Malaysia to ensure transparent, fair, and responsible lending practices and to protect consumer interests.
