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FRA welcomes issuing consumer financing law

Sat, Mar. 21, 2020
CAIRO, March 21 (MENA) - The Financial Regulatory Authority (FRA) welcomed Saturday President Abdel Fattah El Sisi’s decision to issue consumer financing law.

FRA chairman Mohamed Omran hailed the move, aimed at regulating the consumer financing activities, which was expected to boost the purchase power of citizens.

Omran added that FRA was working on outlining the regulating provisions of the law and urged the consumer financing companies to legalize their conditions according to the new law.
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