Credit Card loss and your RM250 liability. Also, why is Bank Negara failing to act?

Kehilangan kad kredit dan tanggungan anda setakat RM250 sahaja. Mengapakah Bank Negara gagal ambil tindakan yang sepatutnya?

信用卡遗失与您的RM250债务。再者,为何国行办不到?

I would like to congratulate the learned Justice YA Datuk Mohamed Apandi Ali for holding that Bank Negara Guidelines on Credit Cards issued to all such companies in Malaysia “had the force of law.” He also held that the guidelines limit the liability of the cardholder to only RM250 when loss is reported promptly. Continue reading “Credit Card loss and your RM250 liability. Also, why is Bank Negara failing to act?”

Your MP's Question of the Week #53

(Terjemahan ada berikut di bawah – 中文翻译,请看下面。)
Case of “lost credit card and MBF Cards (M’sia) Sdn Bhd”

Update, 29 April 2009: Bank Negara Credit Card Guidelines, available here.

During one of my service nights scheduled for my constituency on every Wednesday evening, a classic case of a “lost credit card” problem was brought to my attention. Continue reading “Your MP's Question of the Week #53”