Consumer Credit Bill.

Martin Endjala The Namibia Financial Institutions Supervisory Authority has resolved to level the playing field following its announcement yesterday that it will be consulting stakeholders on proposed amendments to the Consumer Credit Bill. This means that money lenders will now be under the scrutiny of Namfisa and those who do not fall in line will face the repercussions should the draft bill be endorsed after it undergoes a makeover. Namfisa has been tasked by the Minister of Finance and Public Enterprises to spearhead the drafting of the Consumer Credit Bill to enhance the regulatory and supervisory oversight of all consumer…