| LATEST NEWS | Johor polls: MUDA to field Rashifa Aljunied to defend Puteri Wangsa - president | Johor polls: PH names Wong Bor Yang as candidate for Senai, Mohamad Shafwan Ani for Bukit Permai - Loke | Petronas’ success in securing Turkmenistan gas field is proof of foreign countries’ confidence in Malaysia’s capabilities - PM Anwar | Malaysia’s independent and neutral stance opens doors for economic cooperation - PM Anwar | Johor polls: PH names Nor Zulaila Abd Ghani as candidate for Tiram, Lee Wern Yiing for Johor Jaya - Loke | |
KUALA LUMPUR, June 5 (Bernama) -- The Consumer Credit Commission (SKP) has issued the Authorisation Standards (AS) and Conduct Standards (CS), which will regulate buy now pay later (BNPL) schemes and five other previously unregulated business activities under Phase 1 of the Consumer Credit Act 2025 (CCA).
By Rosemarie Khoo Mohd Sani
KUALA LUMPUR, May 27 (Bernama) -- Financial commitments linked to credit cards, Buy Now Pay Later (BNPL) facilities and personal financing are becoming increasingly common among middle-income borrowers, highlighting the need for stronger financial literacy and responsible borrowing practices, according to financial consultancy Bluebricks Holding Sdn Bhd.
KUALA LUMPUR, May 13 (Bernama) -- The Consumer Credit Commission (SKP) is intensifying industry engagement effort ahead of the implementation of authorisation, covering licensing and registration, under the Consumer Credit Act (CCA) 2025.
KUALA LUMPUR, March 31 (Bernama) -- Malaysia’s financial system remained resilient in 2025, supported by a prudent and robust regulatory environment, said Bank Negara Malaysia (BNM).
KUALA LUMPUR, March 12 (Bernama) -- Buy now, pay later (BNPL) use among Malaysian youth raises concern as those aged 30 and below make up about 40 per cent of BNPL transactions in the country, Deputy Finance Minister Liew Chin Tong said.
KUALA LUMPUR, March 9 (Bernama) -- The Consumer Credit Commission (SKP) has announced the appointment of former Bank Negara Malaysia (BNM) assistant governor Abu Hassan Alshari Yahaya as its executive chairman to lead the first leadership line-up following the enforcement of the Consumer Credit Act 2025 on March 1, 2026.
KUALA LUMPUR, March 2 (Bernama) -- The risk associated with consumer loans under the Buy Now, Pay Later (BNPL) scheme remains under control and is expected to stay at 0.3 per cent of Malaysia’s total household debt, according to the Ministry of Finance (MOF).
PUTRAJAYA, March 2 (Bernama) -- Credit providers and credit service providers are required to meet licensing requirements and register with the Consumer Credit Commission (CCC) effective June 1, 2026, in line with the Consumer Credit Act 2025 (Act 873) (CCA).
KUALA LUMPUR, Dec 3 (Bernama) -- The total buy now pay later (BNPL) scheme loans as of Sept 30, 2025 were RM4.2 billion covering seven million active account holders in the country, comprising 0.3 per cent of the total household indebtedness in Malaysia.
PUTRAJAYA, Sept 5 (Bernama) -- The Consumer Credit Act 2025 (RUUKP) is expected to be gazetted by the end of this year, providing a more comprehensive protection for consumers through the regulation of excessive charges and the enforcement of ethical debt collection practices.
KUALA LUMPUR, Aug 7 (Bernama) -- A total of 168,967 'Buy Now Pay Later' (BNPL) account holders, or 2.6 per cent of the total 6.5 million users, had outstanding balances as at June 30, 2025, said Deputy Finance Minister Lim Hui Ying.
KUALA LUMPUR, Aug 4 (Bernama) -- Buy Now, Pay Later (BNPL) facilities remain under control, but regulatory measures are being strengthened to protect consumers through the Consumer Credit Act 2025 (CCA).
