Regulatory Alerts2015-04-15 | JB-2015-3353Resolution No. JB-2015-3353 of the Banking Board of Ecuador
The Banking Board of Ecuador rejected a review appeal filed by Banco Promerica S.A. regarding the rejection of a consumer complaint about a protested check. The Board determined that the appeal was inadmissible because it challenged an administrative act issued by the Board's Secretary rather than a collegial decision, which does not permit a review appeal under applicable regulations. Consequently, the Board confirmed the previous administrative acts that had upheld the Regional Intendancy's decision in favor of the complainant.
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