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Proposed Legislation Sets Limits on Loan and Credit Card Charges · Cyprus Report

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Economy · Greece

Proposed Legislation Sets Limits on Loan and Credit Card Charges

2 sourcesFirst reported 1 month agoUpdated 1 month ago

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Ceiling on consumer loan interest ratesekathimerini.com · 1 month ago

In this storyBanks & Finance

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The Development Ministry aims to reduce high interest rates on consumer loans.
New rules will impose a ceiling on fees for loans and credit cards.
Legislation includes measures to ensure transparency in loan agreements.
Borrowers will face limits on the total amount they have to repay.
The changes are intended to protect consumers from excessive charges.

Generated by AI from the 2 sources below · always verify with the originals

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18 June

Ceiling on consumer loan interest rates