Clearly defining the right legal process which consumers can take if they are unfairly treated by Credit Providers is a key focus of the draft Consumer Credit Act.
Permanent Secretary for Trade Shaheen Ali says the draft Consumer Credit Act seeks to make credit providers more efficient and effective by employing faster or simpler working methods.
Ali says the draft act further ensures that consumers are adequately protected and allowed to make informed decisions when entering into a credit contract such as a hire purchase agreement.
The Ministry of Trade together with the Consumer Council of Fiji, Fiji Commerce Commission and other key stakeholders are reviewing the draft Consumer Credit Act at a workshop in Suva today.
