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.

This will be followed by Part 2 of the consultation paper, targeted to be issued in the fourth quarter of this year, which will provide further details on authorisation, governance and conduct requirements that will be applied to credit providers and credit service providers.