SiFA: CoFI needs complete rewrite
The deadline for submissions on the bill was extended to April 30 because of the Covid-19 outbreak.
SiFA made a submission that the bill should be sent back to officials for rework.
“We continue to be amazed that financial institutions have not pushed back very strongly against this legislation. Basically, financial institutions stand accused of doing bad things generally to their consumers, and having consistently failed to design products that benefit their consumers.
“This is arrant nonsense, and should not have passed even a first level reviewer.”
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