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FINANCIAL OMBUDSMEN WILL BE INVOLVED IN HELPING DEBTORS

The Public Council under the Financial Commissioner's Office is preparing a draft law on the participation of a financial ombudsman in the pre-trial settlement of disputes on loan debts between banks and citizens. This is not his authority at the moment. As explained by Financial Commissioner Viktor Klimov, on average, 1.8 loans per citizen, over 11 million people have three or more loans. According to Klimov, in case of default,...

BORROWERS WILL BE WARNED ABOUT THE CRITICAL GROWTH OF DEBTS

... another loan or loan will be informed about the high risks of debt burden. The relevant law came into force on January 1. The new law stipulates that banks and microfinance organizations (MFOs) are required to calculate the debt burden indicator (the ratio of monthly payments on all loans to the client's income) for each possible borrower. If the indicator is more than 50%, then the citizen should be warned about the risks. However, how credit institutions will inform Russians about the high debt burden is not yet very clear. RBC has sent a corresponding request ...

THE STATE DUMA INTRODUCED A DRAFT ON THE RIGHT OF RUSSIANS TO INTRODUCE A SELF-BAN ON ISSUING LOANS

The bill on the right of a citizen to establish in his credit history a ban on the conclusion of consumer loan (loan) agreements with credit and microfinance organizations with him ... ... Financial Market Committee Anatoly Aksakov made a corresponding initiative. According to Aksakov, the proposed amendments to the law will protect Russians from various fraudulent schemes. The State Duma deputy recalled that today, unfortunately, there are ...

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