The stick and carrot approach to moneylendersâ self-regulation in Klang Valley, Malaysia
The vital role played by the moneylending industry in Malaysia resulted in 1,496 licensed moneylenders registered within the Klang Valley, in 2020. Even though the Moneylenders Act 1951 exist to protect the industry, law enforcement is a challenge to the regulator. This is evident as many borrowers’...
| Main Authors: | , , , |
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| Format: | Article |
| Language: | English |
| Published: |
Universiti Putra Malaysia
2021
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| Online Access: | http://psasir.upm.edu.my/id/eprint/93334/1/7.%20The%20Stick%20and%20Carrot%20Approach.pdf |