Learn about the bill "Regulation of Consumer Finance Activity" x 10 Information
Vice-Premier of the State Council, Abdul Razek Mehran, said that the Legislation Department of the State Council is considering several revisions of the important draft laws headed by the Minister of Finance, Hassan Shalal, the head of the department, including the draft law regulating the consumer finance activity which was received by the department for review and dispatch after completion. For the concerned authorities.
In the framework of the services provided by the seventh day of readers to identify the most important and the most important information through which the citizen can identify the new laws, we clarify the most important features and objectives of the draft law:
– The project includes every activity aimed at providing financing for the purchase of goods and services.
– Includes financing through commercial payment cards.
– Achieves state protection for economic, productive, service and information activities.
– Regulates current consumer finance activity outside the banking sector.
– aims to include this activity within a regulatory umbrella to achieve stability and transparency.
– Allow the family sector to increase its ability to purchase products to achieve social justice.
– To improve fiscal and monetary policies to enhance the national economy.
– Project materials are limited to consumer finance activities.
– Determine the competent authorities to consider disputes and claims arising from this law.
– The provision of a specific period to adjust the conditions of companies engaged in consumer finance activity.
– Accidents
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