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MYR ASESORES | The Ministry of Economy and Business prepares an Order to increase the transparency and protection of revolving credit customers
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The Ministry of Economy and Business prepares an Order to increase the transparency and protection of revolving credit customers

01 Jan The Ministry of Economy and Business prepares an Order to increase the transparency and protection of revolving credit customers

Posted at 00:00h in Uncategorized by info 0 Comments
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25 de octubre de 2019

The Ministry of Economy and Business has published in a public hearing the proposal to modify the Order 2899/2011 transparency and customer protection of banking services. El objetivo es reforzar la protección de los usuarios de los créditos que se caracterizan por tener una duración indefinida o renovación automática, por la posibilidad del cliente de determinar la cuota fija a pagar periódicamente dentro de una parámetros, y que van asociados a instrumentos de pago, como las denominadas “tarjetas revolving”, aumentando la transparencia e información que deben proporcionar las entidades a estos usuarios y reduciendo las posibilidades de sobreendeudamiento.

Source:: Treasury News

      

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