Regulatory Alerts2008-07-14 | Circular 31/2008Added
Circular 31/2008 — Modifies Circular 2019/95
The Bank of Mexico modifies sections M.11.11.15.2, M.11.91.1, and M.25 of Circular 2019/95, and repeals Annex 4, effective July 28, 2008. These changes align debit card, prepaid card, and credit card issuance rules with the newly effective "Rules for the Issuance and Operation of Credit Cards" published on July 11, 2008. The modifications require institutions to adhere to these new credit card rules for cash withdrawals and purchases at affiliated businesses, replacing previous regulations that were rendered ineffective by the new rules.