BATU KAWAN, Sept 19 (Bernama) — Fourteen of the 20 banking institutions providing hire-purchase financing had begun offering customers the reducing balance method as of Sept 18, said Domestic Trade and Cost of Living Minister Datuk Armizan Mohd Ali. He said the remaining six banking institutions are expected to complete the transition to the new method by Dec 31 at the latest, following engagement sessions with the banks. “In total, there are 429 entities, comprising banking institutions and hire-purchase providers, registered with the Association of Hire Purchase Companies Malaysia (AHPCM),” he told reporters at the closing ceremony of the Consumer […]

PUTRAJAYA, May 31 (Bernama) – A total of 11 financial institutions and hire purchase companies are ready to offer hire purchase financing under the amended provisions of the Hire Purchase (Amendment) Act 2026, which comes into force on June 1, according to the Ministry of Domestic Trade and Cost of Living (KPDN). Its minister, Datuk Armizan Mohd Ali, said the second phase of implementation is targeted to begin in September 2026, and consumers who wish to benefit from the new provisions are advised to make the necessary checks before finalising their hire purchase agreements. “At the same time, financial institutions […]

Comprehensive guide to hire purchase agreements UK 2025. Consumer Credit Act regulations, FCA compliance, consumer rights & legal protection explained.

Comprehensive guide to hire purchase agreements UK 2025. Consumer Credit Act regulations, FCA compliance, consumer rights & legal protection explained.