PETALING JAYA: Legislation alone will not resolve structural issues pushing Malaysians, particularly the youth and informal workers, into cycles of debt, says the Institute for Strategic Analysis and Policy Research (Insap).
Insap chairman Datuk Dr Pamela Yong said that without wider economic reforms, this law may unintentionally tighten credit access for low and middle income groups already struggling with stagnant wages, high living costs and shrinking financial buffers.
