{"id":625117,"date":"2018-09-27T04:19:15","date_gmt":"2018-09-27T04:19:15","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/09\/27\/fra-working-on-consumer-credit-act-expect-to-see-a-draft-circulating-in-the-coming-week\/"},"modified":"2018-09-27T04:19:15","modified_gmt":"2018-09-27T04:19:15","slug":"fra-working-on-consumer-credit-act-expect-to-see-a-draft-circulating-in-the-coming-week","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/09\/27\/fra-working-on-consumer-credit-act-expect-to-see-a-draft-circulating-in-the-coming-week\/","title":{"rendered":"FRA working on Consumer Credit Act, expect to see a draft circulating in the coming week"},"content":{"rendered":"

<\/a> **#4<\/strong> LEGISLATION WATCH- FRA working on Consumer Credit Act:<\/strong> The Financial Regulatory Authority (FRA) is driving the drafting of a new law that would govern retail financing and consumer credit, FRA head Mohamed Omran told Amwal Al Ghad. He was not specific on what the law would entail, or how it would impact and regulate the nation\u2019s booming consumer finance industry.<\/p>\n

We\u2019ll know more soon: <\/strong>Omran said a draft of the bill will be put out for public consultation sometime in the coming week. The CBE had cited a lack of regulation in the consumer finance market as one of the reasons why it stepped earlier this month<\/a> with a directive to banks aiming to regulate their exposure to companies that sell on installments consumer goods such as appliances and automobiles.<\/p>\n","protected":false},"excerpt":{"rendered":"

**#4 LEGISLATION WATCH- FRA working on Consumer Credit Act: The Financial Regulatory Authority (FRA) is driving the drafting of a new law that would govern retail financing and consumer credit, FRA head Mohamed Omran told Amwal Al Ghad. He was not specific on what the law would entail, or how it would impact and regulate […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-625117","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"8f9c41db-2b60-4c53-bc91-bc50a3c300b7","order":"0","is_powered_by":true,"section_story_id":"9d31a5ab-7c3a-48f0-946d-b14286fe9ffe","story_type":"1","photo_url":"","photo_position":"above","related_issue":[625107],"teaser":"","voice_url":""},"yoast_head":"\nFRA working on Consumer Credit Act, expect to see a draft circulating in the coming week - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2018\/09\/27\/fra-working-on-consumer-credit-act-expect-to-see-a-draft-circulating-in-the-coming-week\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FRA working on Consumer Credit Act, expect to see a draft circulating in the coming week\" \/>\n<meta property=\"og:description\" content=\"**#4 LEGISLATION WATCH- FRA working on Consumer Credit Act: The Financial Regulatory Authority (FRA) is driving the drafting of a new law that would govern retail financing and consumer credit, FRA head Mohamed Omran told Amwal Al Ghad. He was not specific on what the law would entail, or how it would impact and regulate […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/09\/27\/fra-working-on-consumer-credit-act-expect-to-see-a-draft-circulating-in-the-coming-week\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-09-27T04:19:15+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/09\/27\/fra-working-on-consumer-credit-act-expect-to-see-a-draft-circulating-in-the-coming-week\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/09\/27\/fra-working-on-consumer-credit-act-expect-to-see-a-draft-circulating-in-the-coming-week\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"FRA working on Consumer Credit Act, expect to see a draft circulating in the coming week\",\"datePublished\":\"2018-09-27T04:19:15+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/09\/27\/fra-working-on-consumer-credit-act-expect-to-see-a-draft-circulating-in-the-coming-week\/\"},\"wordCount\":148,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/09\/27\/fra-working-on-consumer-credit-act-expect-to-see-a-draft-circulating-in-the-coming-week\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/09\/27\/fra-working-on-consumer-credit-act-expect-to-see-a-draft-circulating-in-the-coming-week\/\",\"name\":\"FRA working on Consumer Credit Act, expect to see a draft circulating in the coming week - 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The proposed law differentiates between retailers offering sales on installment and consumer finance houses: All consumer\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":600259,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/23\/parliament-government-want-to-regulate-crowdfunding-and-real-estate-developers\/","url_meta":{"origin":625117,"position":2},"title":"Parliament, government want to regulate crowdfunding and real estate developers","author":"enterpriseam admin","date":"23 January 2019","format":false,"excerpt":"LEGISLATION WATCH- Regulating all the things: Crowdfunding is now on the FRA\u2019s priority list: Financial Regulatory Authority (FRA) boss Mohamed Omran outlined his agency\u2019s list of legislative priorities in a briefing with reporters yesterday. The FRA chairman says the market regulator is looking to regulate crowdfunding as well as real\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":599275,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/06\/24\/egypts-house-econ-committee-to-hold-consultations-on-consumer-credit-act-with-industry-stakeholders\/","url_meta":{"origin":625117,"position":3},"title":"Egypt\u2019s House Econ Committee to hold consultations on Consumer Credit Act with industry stakeholders","author":"enterpriseam admin","date":"24 June 2019","format":false,"excerpt":"LEGISLATION WATCH- House to hold consultations on Consumer Credit Act with industry stakeholders: The House Economic Committee will begin holding hearings within the next few days on the government\u2019s proposed Consumer Credit Act, inviting members of the Federation of Egyptian Industries, Federation of Egyptian Chambers of Commerce, and the Egyptian\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":568641,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/01\/29\/fra-to-draft-law-to-regulate-fintech-sector-omran\/","url_meta":{"origin":625117,"position":4},"title":"FRA to draft law to regulate fintech sector -Omran","author":"enterpriseam admin","date":"29 January 2020","format":false,"excerpt":"LEGISLATION WATCH- The Financial Regulatory Authority (FRA) will begin working on a draft law to regulate the fintech industry in collaboration with the European Bank for Reconstruction & Development, FRA boss Mohamed Omran said, according to Al Shorouk. 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