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August 19, 2022

 

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Collections proceedings in the Czech Republic. (Collage:  Romea.cz)
Collections proceedings in the Czech Republic. (Collage: Romea.cz)

--ilustrační foto--

Czech Republic: Stricter conditions for non-bank lenders are clearing the market of fraud

22.4.2018 8:02 The Most regional edition of Deník.cz reports that a stricter law on consumer lending intended to combat illegal loans and usury has been in effect in the Czech Republic for a year and a half now. According to a survey by the Czech Banking Association (ČBA) in February, more than half of people seeking credit turn to companies that are not banks for loans, most frequently borrowing to purchase electronic equipment and other general household appliances.

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