Regulatory Alerts2025-11-27
Added
Order on Good Conduct for Consumer Loan Businesses
This order establishes rules for good conduct in consumer loan businesses, requiring companies to act fairly and with professional diligence, particularly regarding commercial practices that significantly distort consumer economic behavior. It mandates that contract terminations be objectively justified and issued in writing, and grants the Financial Supervisory Authority the power to issue correction orders and impose fines for non-compliance. The regulation enters into force on 20 November 2026, simultaneously repealing the previous 2019 order on the same subject.
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