PAAC Member Slams BOJ Governor for Alleged Silence

Opposition Member and St Catherine South Member of Parliament Fitz Jackson slammed the Bank of Jamaica on Wednesday over its alleged silence on myriad ills befalling depositors at the hand of banks. Explaining that tools such as the banking regulations he has proposed have crawled to be enacted while other benefiting banks have been swift, Jackson scolded the governor for not doing more to strike a balance. 

In his defense the BOJ Governor, Richard Byles, told the Public Administration and Appropriations Committee (PAAC), that a Consumer Protection Act to help alleviate the problem is being drafted. More details in this report:

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