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Licensed moneylenders in Malacca are worried that the amendments to the Moneylenders Act, which will be gazetted soon, will force them out of business and encourage loan shark activities.
Q A with CAHB's executive director Dr Rozali Mohamed
The RM300 million micro-credit scheme has been abused with unscrupulous people selling application forms for hundreds of ringgit and charging consultation fees in the thousands as well.