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RUSSIAN BANKS VOTED FOR PROHIBITION OF ADS RELATED TO BANKRUPTCY

... who decide to get rid of debts through the procedure of out-of-court bankruptcy. Banks are in favor of fully informing Russians about all the aspects of this procedure, including the risks and negative consequences. The Association suggested that the FAS add amendments to the law "On Advertising" so as not to mislead the citizens. First of all, banks consider unacceptable promises to terminate financial obligations, using the wordings that cause misunderstanding and, as a result, serious problems for bankrupts. What is more, it is necessary to indicate the prices for the services offered. Banks ...

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