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THE LITERACY TEST WAS PROPOSED TO BE MADE MANDATORY WHEN RECEIVING THE FIRST LOAN

... deputy to the head of the Central Bank, Elvira Nabiullina. According to Demin, the literacy test should include information about the actual amount of overpayments and the situation in the economy. In addition, it should contain data on the real risks of bankruptcy of a citizen. The deputy from the New People faction notes that the mandatory introduction of a financial literacy test when receiving the first loan should help reduce the number of impulsively taken loans. Also, such an innovation will help reduce the risks of falling into a debt trap.

THE ISSUANCE OF CAR LOANS INCREASED BY 97.6%

In January-August of this year, the issuance of car loans in Russia increased by 97.6% compared to the same period last year and reached 1.6 trillion rubles. This was announced by the National Bureau of Credit Histories. In total, 1.1 million car loans were issued to Russians in January-August 2024. This ...

THE PRESENCE OF CREDITORS' STATEMENTS EXCLUDES THE TERMINATION OF BANKRUPTCY PROCEEDINGS IF ONE OF THEM IS UNFOUNDED

... creditor appealed to the court with an application for declaring the debtor bankrupt (case No. A41-27427/23). Having established the presence of signs of insolvency in the debtor and the failure to provide evidence of the impossibility of applying bankruptcy - debt restructuring procedure against the debtor (the debtor's lack of property and income), the court of first instance introduced debt restructuring procedure against the debtor, approved the financial manager and included the creditor's ...

THE SUPREME COURT RECOGNIZED INTEREST-FREE LOANS AS COMPENSATORY FINANCING

... between Khakassetremont and Khakasstroyremont. All of them were challenged in the bankruptcy process on the initiative of the bankruptcy trustee and the Federal Tax Service. As a result, lower courts declared these transactions invalid, and the organization ... ... creditors. The courts drew attention to the fact that liquid rights were transferred free of charge, despite the company's debt on loans. The act of the appellate instance indicated that the transactions were the return of compensatory financing, therefore ...

THE FEDERATION COUNCIL APPROVED FINES OF UP TO 1.6 MILLION FOR "INCORRECT" ADVERTISING OF LOANS

The Federation Council has approved a law providing for tougher liability for banks and microfinance organizations for advertising loans in violation of the law. The initiative also establishes responsibility for spam calls. Employees of banks and microfinance organizations who do not indicate the full cost of consumer credit in advertising face a fine of 40 to 100 thousand rubles....

THE BEAC HAS BEEN WRITING OFF LOANS TO VICTIMS OF TERRORIST ATTACKS AND MILITARY OPERATIONS FOR SEVERAL YEARS

Sberbank has decided to write off all loans to those who died from military and terrorist actions in the border territories of Russia. Since the first days of the Special Military Operation, the credit institution has focused on the continuity of its activities in the border territories of ...

THE DEBTOR MAY PROVIDE FALSE INFORMATION ABOUT INCOME WHEN CONCLUDING A LOAN AGREEMENT

In the framework of the bankruptcy case of a citizen, the courts considered the issue of releasing the debtor from obligations following the results of ... ... the debtor and proceeded from the following: • A credit institution, assessing its risks, has the right to refuse to provide a loan to a potential borrower, since it is not obliged to provide funds to each person who applied for a loan. • The conclusion ...

THE SUPREME COURT RECALLED THE STATUTE OF LIMITATIONS WHEN CLAIMING A LOAN

The Bank filed a lawsuit to recover debt and penalties from a citizen (borrower) under a loan agreement, justifying its claims by improper fulfillment of obligations on the part of the defendant. In addition, the plaintiff asked to foreclose on the collateral (real estate object). The courts of three instances satisfied the claim, rejecting ...

BANKS HAVE RAISED CREDIT CARD RATES

... current year. The Central Bank explained the introduction of the moratorium by the underestimated indicators of a number of banks on credit cards in the third quarter of last year. These data serve as the basis for calculating the maximum full cost of the loan in the first quarter of 2025. According to the rules of the Bank of Russia, the maximum total cost of a loan cannot be more than a third higher than the average market rate.

A DRAFT LAW ON FREE LEGAL AID IN COURTS FOR PARTICIPANTS IN A SPECIAL MILITARY OPERATION WILL BE SUBMITTED TO THE DUMA

A bill providing for free legal assistance in courts for participants in a special military operation) will be submitted to the State Duma on November 1. We are talking about cases on termination of obligations to pay interest on loans and protection of inheritance rights. The author of the initiative, Deputy Speaker of the State Duma Boris Chernyshov, told TASS that the project should increase the level of legal support and protect the interests of veterans and participants ...

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