How does the Moneylenders Act regulate money lending in Singapore?

The Moneylenders Act regulates money lending in Singapore by setting out the legal framework that licensed money lenders must operate within. This includes limits on interest rates, fees, and charges, as well as requirements for transparency in loan agreements and advertising. The Act also provides protections for borrowers, such as the right to receive clear information about loan terms and the ability to lodge complaints against unethical practices.