News

Dialogue with KPKT on changes to Money Lending Akta 1951
MPLMA had a dialogue on 18/4/23 with Kementerian Pembangunan Kerajaan Tempatan (KPKT) to discuss proposed changes to the Money Lending Act 1951 in Malaysia. The

Meeting with Bukit Aman Commercial Crime Division and KPKT on prevention of scams
MPLMA recently had a meeting with the Commercial Crime Investigation Department of Malaysia and KPKT to discuss ways to prevent scams such as illegal moneylending

Licensed Community Lenders Offer Lifeline To the Financially Vulnerable
KUALA LUMPUR, Malaysia–Licensed community lenders (previously known as moneylenders) are increasingly offering a lifeline for many small entrepreneurs and society. Experienced licensed community lender Mahinder

Beware of Fake Money Lending Licence Purportedly issued by Bank Negara Malaysia
Bank Negara Malaysia (Bank) has cautioned members of the public on the recent modus operandi by persons or companies conducting illegal money lending activities using

Licensed money lenders now known as credit community
The Ministry of Housing and Local Government (KPKT) yesterday rebranded registered licensed moneylenders under the ministry as the ‘Credit Community’. Housing and Local Government Minister

MPLMA submitted a memorandum to KPKT
On 26th May our Mr.President met with KPKT’s Minister over their Hari Raya open house to express our intent to submit a Memorandum to KPKT.