Regulatory Alerts2013-07-28
Circular CN-BSD/2013/3: Credit Card Charges
The Central Bank of Sudan issued Circular CN-BSD/2013/3 to mandate enhanced transparency in credit card billing practices. All banks are required to include specific details in credit card statements, such as minimum payments, total interest, late fees, other charges, and exchange rates. This directive ensures consumers receive a clear breakdown of costs associated with their credit card transactions.
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