Regulatory Alerts2018-02-26
Amendments Proposed to the Regulation on Interest Rates Charged by Financial Companies for Delinquent Borrowers
The Financial Services Commission proposed amendments to the Regulation on Interest Rates Charged by Financial Companies for Delinquent Borrowers. These changes enhance borrower protection by clarifying and limiting the interest rates financial institutions may apply to overdue accounts. The proposal complements parallel regulatory updates to the Banking Act and the Financial Investment Services and Capital Markets Act.
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