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The Central Bank has proposed new measures to combat Russians’ indebtedness
Representatives of microfinance organizations, the scientific and expert community, as well as representatives of the State Duma took part in the public discussion.
"Following the consultations, regulators plan to prioritise the implementation of the measures proposed in the report to protect citizens," the central bank promised.
In particular, in the near future we plan to introduce the standard "one loan in one hand until repayment". There is also a cooling-off period. Clients can receive a new loan only 3 days after closing all previous loans.
Market participants have proposed reducing the maximum overpayment on consumer loans from 130% to 100%.
This requires amendments to laws and regulations. The Central Bank noted that this will take at least three years.