The CCB is expected to negatively affect non-bank lenders such as AEON Credit Service (M) Bhd, RCE Capital Bhd and ELK-Desa Resources Bhd
PETALING JAYA: The proposed Consumer Credit Bill (CCB) is expected to largely affect non-bank lenders, with minimal to no effect on banks, according to MIDF Research.
The research house said the bill aims to tighten regulation over the rapidly growing non-bank lending sector, which typically caters to borrowers of lower creditworthiness.
