Consumer Credit Bill to be tabled by Parliament next year, says NAMFISA’s annual report

Consumer Credit Bill to be tabled by Parliament next year, says NAMFISA’s annual report

The Namibia Financial Institutions Supervisory Authority has released its annual report which outlines the implementation of key financial regulations and the resolution of 91% of 691 complaints, resulting in N$14.7 million returned to complainants. Namfisa CEO, Kenneth Matomola said most complaints were from micro-lenders, insurers, and pension funds. He also revealed that the Consumer Credit Bill will be tabled by Parliament next year.

September 26, 2024 33

Namibia

Shivute encourages consumers to know their rights

The Oshikoto regional council chairperson, Samuel Shivute, is encouraging people to know their rights and stop taking unaffordable debt that can result in them experiencing financial distress. Shivute said at the Oshikoto regional consumer credit bill consultations held at Omuthiya on Thursday that many people find themselves burdened by expensive loans and insurance over the years due to a lack of information on how loans and insurance work. He further […]

December 8, 2023 8

Namibia

Namfisa hosts public consultations on Consumer Credit Bill

Namfisa spokesperson, Victoria Muranda, has revealed that as part of the mandate given to them by the Minister of Finance and Public Enterprises to spearhead the drafting of the Consumer Credit Bill they have been hosting numerous public consultations.

December 4, 2023 10