Regulatory Alerts2020-08-21 | DOF 5598871Added
Resolution modifying the General Provisions applicable to credit institutions
The National Banking and Securities Commission amends Article 1 to define Mobile Payment as an electronic banking service linked to a user identifier, allowing balance inquiries and limited monetary operations up to the equivalent of Medium-Value Monetary Operations. It also expands Article 317 to permit credit institutions to contract banking commissioners from supervised development agencies, specifically including INFONAVIT, FOVISSSTE, and INFONACOT, for credit payment collection and database management. This resolution entered into force the day after its publication in the Official Gazette on August 22, 2020.
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