The Central Bank of Russia has decided to increase the risk rate premiums for unsecured consumer loans from September 1. This is stated in the press release. regulator.
It is noteworthy that the new premiums in the coefficients decreased by 82% for credit cards and 66% for cash loans.
Previously reported, that banks in Russia will be prohibited from obtaining the consent of borrowers to provide additional services when lending using pre-determined signs, checkmarks, as well as buttons and other similar means. It has now been noted that according to the changes, consent for all services as well as goods and works will have to be given in a separate application. The borrower must be able to express both his agreement and opposition to ancillary services.
Experts drew attention to the importance of the regulator wanting to enact such rules. In turn, this would give more powers to penalize financial institutions that apply additional services to loans and loans. Now banks and MFIs will be prohibited from signing contracts with the consent of the borrower to receive additional services and other things.
Such banking services can be provided in only two ways. First, we are talking about insurance, for example, if its provisions are a real condition for obtaining a loan (debt). The second is that the client agrees to purchase any other paid service along with the credit and concludes separate agreements for it.