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THE CENTRAL BANK PROPOSED TO CHANGE THE STRUCTURE OF THE MICROFINANCE MARKET

... the most expensive consumer loans," the Central Bank said. Today, the regulator explains, a large volume of such consumer loans is provided at the highest possible interest rate, regardless of the "quality of the borrower." A third of them are reissued, and unpaid interest is transferred to the body of the new loan. Thus, Russians find themselves in a debt spiral. The Central Bank proposes to make a limit on the number of simultaneously valid contracts – 1 loan to maturity. Also, as part of the ...

BANKS HAVE RAISED CREDIT CARD RATES

... the maximum credit card rate has reached 99.9%. Experts explain that such changes are related to the moratorium imposed by the Central Bank. According to it, the maximum rates of credit institutions are not limited from January 1 to March 31 of the current ... ... 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 ...

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