A number of State Duma deputies, led by Anatoly Aksakov, who heads the financial market committee, have introduced a draft law that would give citizens a formal right to ban lending in their name. The proposal was presented to the State Duma by the group of lawmakers and circulated through their office as part of ongoing efforts to tighten control over lending practices. The intention behind the bill is to create a clear legal obstacle to unauthorized borrowing by third parties and to curb scenarios where a person’s identity is misused to take out loans without consent. In practical terms, the bill seeks to empower individuals with a straightforward mechanism to shield themselves from new credit obligations that they did not authorize and cannot verify through ordinary channels. The move reflects a broader push within the legislature to address consumer protection in financial markets and to reduce the fallout from misappropriated data and social engineering schemes that wind up harming ordinary borrowers. The measure is framed as a protective tool for citizens, aiming to minimize the damage caused by fraudulent credit activity and to restore trust in the lending ecosystem where personal information is at risk of exploitation for unauthorized borrowing.
