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BANKS OBJECT TO THE DRAFT LAW BANNING FLOATING RATES

... agreements from the total number of loans. In 2022, the State Duma considered the initiative in the first reading. It was supported unanimously. According to the National Council of the Financial Market, the proposed restrictions will lead to losses for credit institutions. In addition, as Kommersant writes, the council does not agree with the requirement to notify about a change in the payment schedule 15 days in advance. The organization believes that it will be difficult for banks to fulfill such ...

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.... ... lender, a technical protocol or another document. It is planned that a moratorium on debt collection, new loans and out-of-court bankruptcy may be introduced for the period of conciliation procedures. As a result, borrowers will receive a competent independent ...

BORROWERS WILL BE WARNED ABOUT THE CRITICAL GROWTH OF DEBTS

... over-indebted Russians who want to take out 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 ... ... 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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