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Who should supervise money-lenders?
(From Malay Mail)
WHO should be responsible for licensed money-lenders? Should it be the current Housing and Local Government Ministry, or the Finance Ministry or the Domestic Trade and Consumer Affairs Ministry? This has been an on-going debate in the country.
N.
Marimuthu, Fomca secretary-general, has suggested that the supervision of licensed money-lenders be under the Domestic Trade and Consumer Affairs Ministry.
"Money-lenders, who represent an important small credit facility, should rightly come under the Domestic Trade and Consumer Affairs Ministry and not the Ministry of Housing and Local Government," he said.
"When the …
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