KUALA LUMPUR: Three Acts of Parliament in consumer credit have weak regulatory laws that compromise the interest of consumers, according to a working paper at an international conference held here.
Domestic Trade and Consumer Affairs Ministry officer K.L. Yap, who presented the paper on consumer credit yesterday, singled out the Money Lenders Act 1951, the Pawn Brokers Act 1972 and the Hire Purchase Act 1967.
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