By Lim Wei Chean

THE modified Consumer Protection (Fair Trading) Act, which gives the authorities more bite, will kick in in April.

The enhanced regulations will see the Act extended to cover financial services like banking and insurance.

A cooling-off period for time-share contracts has also been extended from three to five days. This is the period that consumers get after signing a contract, to rethink and, if they wish to, cancel the deal.

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