Chairman of the State Duma Committee on Financial Markets Anatoly Aksakov said in an interview: “Izvestia”Russians will be given a loan only after providing a TIN.
He said that with the help of TIN, banks will check whether the customer has a self-ban or not. Financial institutions will contact the credit bureaus (CBI) and get information from them about whether the loan can be approved or not.
“The regulator recommends that banks request data from all four bank accounts to avoid possible errors. And banks insist on making requests to only one bureau,” the deputy continued.
According to him, the law on self-prohibition of loans will come into force in 2025.
As the parliamentarian put it, the innovation “will require a serious technological restructuring of systems.” He said it would be necessary to establish interaction between banks and BKI. Aksakov said this would take time.
“But everyone is ready to support the bill, so we will pass it at the beginning of 2024,” he added.
Before that the State Duma accepted In the first reading of the bill on a mechanism that will allow citizens to self-exclude from granting consumer loans.
A bill on the right of Russian citizens to self-prohibit the issuance of loans was submitted to the State Duma on April 20, 2023 by a group of deputies led by Anatoly Aksakov, chairman of the financial market committee. The lawmaker said the bill’s aim is to “prevent the practice of obtaining fraudulent loans by third parties” through the illegal use of personal data and social engineering methods. If the law is adopted, a citizen will be able to submit a corresponding application to the credit history bureau with a request to impose a ban on lending and check the existence of this ban. You can apply through the government services portal. Self-exclusion can be canceled if desired.
Russians before warned About the risk of accumulating debt even on an unused credit card.