Time To Regulate BNPL And Change The HP Act
Hann Liew, Founder & Director, RinggitPlus
11-Apr-23 08:30
Embed Podcast
You can share this podcast by copying this HTML to your clipboard and pasting into your blog or web page.
Close
The Consumer Credit Oversight Board (CCOB) task force which comprises Bank Negara, Securities Commission and officials from the Ministry of Finance has been looking at ways to bring about balance on the consumer credit front. On their radar is Rule of 78 in the Higher Purchase Act and also regulation on BNPL. Hann Liew, founder and director of RinggitPlus, a financial marketplace provider gives us his views on what is required to protect the interest of the borrowers.
Image credit: Shutterstock
Produced by: Sim Wie Boon
Presented by: Wong Shou Ning, Philip See
This and more than 60,000 other podcasts in your hand. Download the all new BFM mobile app.
Categories: government, Corporates, Law/Activism
Tags: rule 78, higher purchase act, interest frontloading, buy now pay later, personal loans,