Namfisa gears up to tackle consumer credit loopholes

Martin Endjala The Namibia Financial Institutions Supervisory Authority (Namfisa), has embarked on a public consultation across all regions to engage various stakeholders to get inputs on the Consumer Credit Bill to help ensure that the bill speaks to the needs of the people. During a recent media engagement in Windhoek, Namfisa Deputy Chief Executive Officer Market Conduct and Operations, Johannes Smit said consumer protection is paramount in deliberations and it underpins the very essence of the Consumer Credit Bill. “We must remember that this bill when enacted, will be a powerful tool that can either help individuals realise their dreams…