Regulatory Alerts2020-03-31
Instruction (Archive) No. 7/2020
The Bank of Portugal issued Instruction No. 7/2020 to publish the maximum interest rates applicable to consumer credit contracts for the second quarter of 2020. This directive implements the legal framework established by Decree-Law No. 133/2009 to ensure consumer protection and market transparency. The regulation entered into force on April 1, 2020, and applies to all credit institutions and financial companies operating in Portugal.
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