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Credit cards in Russia were under threat due to new fines
The State Duma is considering amendments to the law on consumer loans. The authorities are proposing to increase fines for banks for imposed services. These officials consider, including the commission for cash withdrawals and transfers.
According to RBCThe Association of Russian Banks (ADB) sent a letter to Anatoly Aksakov, head of the State Duma Committee on the Financial Market. According to market participants, amendments to the law on consumer loans aimed at protecting borrowers may upset the balance of interests of lenders and borrowers.
In particular, it is supposed to introduce double fines for the imposed service. It can be insurance, without which it is impossible to issue a loan, additional services. The amendments have already passed the first reading, the next consideration of the draft should take place in October.
The main problem with the amendments, according to ADB, is the unclear cases when the client can challenge the service. At the same time, there is no mention of how this can be done: through the court, or demand money without proceedings.
Bankers are afraid that in order to receive income, citizens will specifically complain to the financial ombudsmen, to Rospotrebnadzor, the Central Bank or the court. At the same time, the segment of credit cards and overdraft cards will suffer the most. It is for these products that commissions can be recognized as additional imposed services.