BNPL Use Among Malaysian Youth Raises Concern As Under-30s Make Up 40 Pct - Liew

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.

Consumer Credit Commission Names Abu Hassan Alshari Yahaya As Executive Chairman

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.

Credit Providers, Credit Service Providers Require Licensing, Registration Effective June 1

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).

CCOB Expects Consumer Credit Bill To Take Effect In 1Q 2026

By Karina Imran

KUALA LUMPUR, Nov 21 (Bernama) -- The Consumer Credit Bill 2025, which provides broader consumer protection by regulating excessive fees and through the practice of ethical debt collection, is expected to take effect in the first quarter of 2026, the Consumer Credit Oversight Board (CCOB) said.

Consumer Credit Act 2025 To Be Gazetted By Year-end

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.

Procurement, Consumer Credit And Anti-Dumping Bills Passed Reflecting The MADANI Reform Agenda

By Nurunnasihah Ahmad Rashid

KUALA LUMPUR, Aug 29 (Bernama) -- The Dewan Rakyat ends the Second Meeting of the Fourth Session of the 15th Parliament today after sitting for 24 days, reflecting the MADANI Government's commitment to strengthen the integrity of fiscal governance, protect local industries from unfair trade practices and create more comprehensive consumer credit regulation.

Over 160,000 BNPL Users Have RM121.8 Mln In Overdue Debt - Lim

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.

BNPL Still Under Control, Regulatory Measures Enhanced To Protect Consumers -- Amir Hamzah

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).

Consumer Credit Bill 2025 Passed, Regulating Commission To Be Set Up

KUALA LUMPUR, July 21 (Bernama) -- The Consumer Credit Bill 2025 was passed in the Dewan Rakyat today to protect the interests of credit consumers in the country.

Consumer Credit Commission To Implement Comprehensive Regulatory Framework For BNPL Schemes

KUALA LUMPUR, July 21 (Bernama) -- The Consumer Credit Commission (CCC) will implement a comprehensive and sustainable regulatory framework for the “buy now, pay later” (BNPL) scheme to ensure the public does not fall into debt traps or face a rise in bankruptcy cases.

Govt Urged To Set Up Credit Scoring Agency To Regulate Eligibility Of Borrowers

KUALA LUMPUR, July 21 (Bernama) -- The government should establish a creditworthiness or credit scoring agency to regulate the eligibility of consumers taking loans, according to Member of Parliament (MP) Sim Tze Tzin (PH-Bayan Baru).

BNPL Transactions Hit 102.6 Million In 1h 2025 - Hui Ying

KUALA LUMPUR, July 21 (Bernama) -- The volume of “buy now, pay later” (BNPL) transactions has increased from 83.8 million in the second half (2H) of 2024 to 102.6 million in the first half (1H) of this year.