Regulatory Alerts2024-10-17
Circular Letter No. CC/2024/00000033 on Prevention and Regularization of Credit Default
Banco de Portugal issued Circular Letter No. CC/2024/00000033 to disseminate understandings and best practices for the prevention and regularization of credit contract defaults. The document applies to credit institutions, electronic money institutions, payment institutions, and financial companies, targeting areas such as housing credit, consumer credit, and behavioral supervision. It aims to standardize information provision and consumer defense measures to ensure responsible lending and debt management practices across the regulated financial sector.
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