6 main objectives of the draft law to regulate consumer finance .. know it
The draft bill on the regulation of consumer finance submitted by the government to the House of Representatives follows the end of Eid al-Fitr. The bill comes as a commitment of the government to the constitution, which obligates the state to work to protect economic, service and information activities as basic components of the national economy.
The following are the main objectives of the bill:
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To control the financing activity of purchase of goods in Egypt by controlling the relationship between consumer and providers of consumer goods and services from companies
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Organize this activity and include it under a regulatory umbrella
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Stability and transparency among dealers in this activity
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Protect consumers from harmful practices
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Provide the opportunity for the family sector to increase its ability to purchase products for social justice
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Improving fiscal and monetary policies to enhance the national economy
– Economic Reform
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