in Nanyang. My consumer credit is planned to be under uniform supervision and loan interest calculations will be more transparent.
Non-bank consumer credit businesses such as money lending companies, pawnshops and lease purchase financing will gradually be transferred to the Consumer Credit Commission (SKP) for uniform supervision in the future. At the same time, reforms in the loan interest calculation method will be promoted to allow consumers a clearer understanding of actual loan costs and to strengthen the supervision of debt collection behaviors.