Financial Regulatory Authority welcomes issuing consumer financing law

The Financial Regulatory Authority (FRA) hails 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.