Cabinet approves changes to strengthen consumer protection and tackle household debt
The cabinet on Tuesday approved a law to allow the Bank of Thailand to regulate the business of leasing cars and motorcycles to strengthen consumer protection and tackle household debt, the Ministry of Finance said.
Transactions in the auto leasing sector accounted for 12.4% of total household debt, and were on an upward trend, the ministry said in a statement.
The new law will also ensure consumers are treated more fairly, it said.
The cabinet also let…
