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

The State Duma proposed to make a mandatory financial literacy test for citizens applying for a loan for the first time. The author of the initiative is Alexander Demin, deputy head of the New People party. According to ... ... 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 ...

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

... 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, ... ... operation, as well as their families. The explanatory note to the bill notes that today, in a significant part of the regions, the law does not provide free legal assistance on a number of issues for participants in a special military operation and their loved ...

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....

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