Speech for Debate on Bank Negara Bill 2009

Teks Ucapan YB Wee Choo Keong, Ahli Parlimen Wangsa Maju, Untuk Perbahasan Akta Bank Negara 01 Julai 2009

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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?

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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.

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Your MP's Question of the Week #53

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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.

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