The Deputy Speaker, Thomas Tayebwa directed the Attorney General to present an update to the House on the progress of a proposed Consumer Protection law.

This followed concerns by some legislators over the manner in which financial institutions like banks place high insurance charges on loans taken by their clients.
According to Hon. Aisha Kabanda (NUP, Butambala District Woman Representative), some banking institutions charge double insurance on top-up loans taken by individuals.
“If you are left with a balance on a loan of Shs40 million and you want to top-up to Shs100 million and they are only going to give you Shs60 million, they charge insurance on the whole amount of the loan, which is double charging. This is cheating people,” said Kabanda.
She raised the concern during the plenary sitting on Tuesday, 04 February 2025.
Kabanda called on government, through the Ministry of Finance, Planning and Economic Development to put in place, regulations to guide banks on such charges.
The Minister for Finance, Planning and Economic (General Duties), Hon. Henry Musasizi, however, said it is a matter that should be handled between commercial banks and their clients.
“We [Ministry of Finance] do not negotiate on behalf of the clients. If a loan is not favourable, do not take it,” Musasizi said.
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