Regulatory Alerts2026-04-15
Added · Updated
New Law on Consumer Credit: CNPF Proposes a More Transparent and Fair Framework for Consumers
The National Commission for Financial Market (CNPF) has proposed a new consumer credit law that expands regulatory coverage to interest-free loans, installment-based goods and services, and deferred payment schemes while repealing the existing Law no. 202/2013. The draft imposes strict caps on loan-related fees at 0.02% daily, limits interest rates to 50% for domestic currency and 25% for foreign currency, and restricts late payment penalties to 0.2% daily with reduced thresholds in specific scenarios. It also mandates stricter advertising and pre-contractual disclosure standards, prohibits consent inferred from silence or pre-checked boxes, establishes conduct and registration requirements for credit intermediaries, and introduces debt advisory services alongside a supervision regime for non-financial creditors.