What is Consumer Finance Companies?

Companies licensed to offer consumer finance, which includes extending credit via commercial payment cards or any other payment method approved by the CBE, in connection with a contractual arrangement with a network of suppliers of goods or providers of services. By contrast, “Consumer Finance Providers” are companies that are themselves producers or distributors of goods or services and which perform consumer finance activities to facilitate providing such supplies to consumers.

Last modified: May 16, 2024
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