Regulatory Alerts2026-07-13 | 34/1Added · Updated
Decision on the Application of a Coercive Fine to OCN MOGO LOANS SRL for Non-Compliance with Financial Market Commission Decision No. 28/3
The National Commission for the Financial Market imposes a coercive fine of 250,000 MDL on Authorized Credit Institution MOGO LOANS SRL for failing to fully execute the refund and notification obligations prescribed in Decision No. 28/3/2025. The Commission determined that the institution's measures, which affected only 10.10 percent of the targeted portfolio and utilized unclear consumer notifications, constituted partial rather than full compliance with the requirement to limit consumer obligations to the initially disbursed amount. Consequently, the request for an amicable settlement contract is denied, and the fine becomes due upon the expiration of the 90-day warning period established in Decision No. 10/1/2026.
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