The Central Bank (CBRT) may prohibit the collection of commissions received by banks when lending by binding the borrower to collective insurance contracts. newspaper reports “News”He cites Anatoly Aksakov, Chairman of the State Duma Financial Market Committee.
According to him, the Central Bank supports legislative changes regarding the creditors not receiving commissions when participating in collective insurance agreements. As stated by the attorney, in this case, he acts exclusively in his own interests and at the same time, “a separate property interest is not created” for the debtor.
The publication writes that the problem of commissions is that banks charge an increased fee, and their amount reaches 95% of what the borrower paid for the insurance service.
As Izvestia was told in the press service of the Central Bank, the regulator is working to improve the protection of the rights of borrowers under the collective insurance agreement when concluding loan agreements. They noted that the Central Bank considers it appropriate to introduce changes in the consumer loan law, “the implementation of which will help solve the problem of high commissions in these situations.”
“These proposals are currently being discussed,” the Central Bank added.
Previously reportedThat the Russians are more likely to insure suburban real estate.