The Congress of the Republic prepares a new bill that would aim to protect users of financial services from the collection of fees and commissions.
The initiative was presented on August 3 with the support of seven benches: Union for Peru, Frepap, We Are Peru, Broad Front, We Can Peru, Alliance for Progress and Popular Action.
At the moment the project is in the Consumer Defense Commission of Congress, and according to Congressman Ricardo Burga, it would already have a favorable opinion, so would be elevated to the plenary session of parliament in the fortnight of December.
“Banks today, basically the retail ones, are charging twice the rates charged in Chile and triple what is charged in Colombia, and under the scheme, in a crisis situation, where the gross domestic product It has fallen more than 30 points and unemployment is exceeding 10% at the national level, it is impossible for the country to continue paying annual rates of 120%, 140% or 160%, “the legislator and promoter of the project told the newspaper Gestión.
What is proposed?
The project proposes control the interest rates of financial institutions and regulate commissions and expenses involved in financial products.
It is intended to modify article 52 of Decree Law No. 26123, Organic Law of the Central Reserve Bank (BCR) so that the issuing entity can set maximum and minimum interest rates on a semi-annual basis.
The maximum interest rates could be fixed in 13 types of operations and services such as loans, mortgages and factoring operations.
According to the project, if a bank activates these interest rates in any operation that is not in the range of the aforementioned this could be classified as a crime.
Besides, also the collection of a penalty or other commission or expense in the event of non-compliance would be prohibited or late payment of the credit.