FairMoney embeds compliance in product design as CBN, FCCPC tighten consumer protection

FairMoney Microfinance Bank has announced that it is integrating regulatory compliance and consumer protection into the design and lifecycle of its financial products. This move comes as the Central Bank of Nigeria (CBN) and the Federal Competition and Consumer Protection Commission (FCCPC) intensify oversight of consumer protection in the financial sector. The bank's approach aims to ensure that compliance is a fundamental aspect of product development, not an afterthought. This proactive strategy is intended to align with regulatory expectations and safeguard customer interests.

Read More