House of Reps' Oversight on DEON Regulations Raises Concerns
The House of Representatives' actions on the Digital, Electronic, Online or Non-Traditional Consumer Lending Regulations, 2025 (DEON Regulations) have raised questions about its commitment to oversight. The Special Ad-Hoc Committee's conduct has created the impression that it is substituting opinion for law and suspending valid regulations. The Federal Competition and Consumer Protection Commission has clarified that the DEON Regulations remain valid and enforceable. The House's actions have undermined the laws passed by the National Assembly and created an unfair advantage for dominant telecommunications companies. Will the House correct its course and reaffirm the enforceability of the DEON Regulations, or will it continue to erode lawful regulation?