Call to review 2002 credit law | Bangkok Post: news

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Call to review 2002 credit law

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A rights and liberties protection group on Friday petitioned the Office of the Ombudsman to consider if the 2002 Credit Information Business Act violates the constitution. 

Weerasak Uppatham, the group leader, said about 20 million people have been blacklisted by the National Credit Bureau established under the law, making it difficult forthem to obtain loans. 

The National Credit Bureau is seen as the main obstacle for all non-performing loan (NPL) borrowers who are blacklisted and cannot start a new life as the Bank of Thailand does not allow commercial banks to extend loans to NPL borrowers.

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