More consumer products are now eligible for finance as FRA looks to boost consumer spending

LEGISLATION WATCH- You can get consumer finance for just about anything now: Consumers will now be able to pay for more products in installments after the Financial Regulatory Authority (FRA) approved a list of new goods eligible for financing under the consumer financing law, according to Hapi Journal. Consumer finance companies can extend credit for the purchase of furniture, clothing, jewelry, medical products, toys, books, food and auto parts under the ruling. This comes as part of government efforts to stimulate consumer spending and support the economy through the covid-19 pandemic.