The stick and carrot approach to moneylendersâ self-regulation in Klang Valley, Malaysia

• Main Authors: Sandhu, Daljit Kaur, Muhammad Arif, Afida Mastura, Abu Bakar, Elistina, Abd Rahim, Husniyah
• Format: Article
• Language: English
• Published: Universiti Putra Malaysia 2021
• Online Access: http://psasir.upm.edu.my/id/eprint/93334/1/7.%20The%20Stick%20and%20Carrot%20Approach.pdf; http://psasir.upm.edu.my/id/eprint/93334/; http://www.ijem.upm.edu.my/vol15no1/7.%20The%20Stick%20and%20Carrot%20Approach.pdf
• Institution: Universiti Putra 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’...