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Nation 25 Mar 2004 | 12:00 AM

CAP: Protect consumers with Credit Act

THE Consumers Association of Penang (CAP) has urged the Government to introduce a 'Consumer Credit Act' to protect the people's interests.

Nation 06 Apr 2004 | 12:00 AM

News in brief

AseanPlus News 22 Apr 2004 | 12:00 AM

Court ruling against banks to benefit the disabled

India's Supreme Court has created a 70bil-rupee (RM6.1bil) fund for the disabled from money it says banks 'illegally' accumulated by rounding off interest rates payable by borrowers, it was reported yesterday.

Nation 04 May 2004 | 12:00 AM

Wife seeks divorce from gambler hubby

For her children's sake, a woman has put up with her husband, a habitual gambler who is constantly on the run from loan sharks, and faced abuse from debt collectors for the past 25 years.

Nation 16 May 2004 | 12:00 AM

Dr Ng: Banks need to empathise more

The Government will encourage financial institutions to show more empathy when going after guarantors to recover bad debts. Deputy Finance Minister Datuk Dr Ng Yen Yen said some overzealous banking institutions found it more convenient to initiate actions against the principal borrowers and guarantors to recover loans although in most cases, the latter were largely ignorant or innocent parties.

Nation 24 May 2004 | 12:00 AM

Blitz on loan sharks

Eighteen loan sharks have been nabbed in simultaneous operations in Ampang, signalling the start of a police blitz on the flourishing illegal money lending trade.

Nation 12 Jun 2004 | 12:00 AM

Unit to chase loan defaulters

Pahang Foundation, the state government#8217;s education arm, has set up a special unit to collect RM60mil in unpaid student loans, said its general manager Datuk Saariah Saad.

Nation 18 Jun 2004 | 12:00 AM

‘Do not borrow money to bet’

Football fans have been advised not to borrow money from loan sharks to place bets on Euro 2004I/I>matchesI/I>in the hope of making a quick buck.

Nation 30 Jun 2004 | 12:00 AM

Ah Long syndicate busted in swoop at posh condo

A major loan sharking syndicate operating in the Klang Valley was smashed when 60 of its members were arrested in a single police swoop at a luxury condominium complex in Taman Desa here.

Nation 09 Jul 2004 | 12:00 AM

Guilds take legal action to recover study loan debts

Chinese guilds and associations had to take legal action to recover repayments on study loans given out to the children of their members, I>China Press/Ireported.