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October 20, 2020

 

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Director of the Czech Government Agency for Social Inclusion Radek Jiránek (PHOTO:  Agentura pro sociální začleňování)
Director of the Czech Government Agency for Social Inclusion Radek Jiránek (PHOTO: Agentura pro sociální začleňování)

Czech Govt Agency for Social Inclusion says amendments to consumer loan law will help combat exclusion

30.7.2016 13:47 The recently-approved amendments to the law on consmer loans will transfer supervision of the market in non-bank loans to the Czech National Bank, will limit sanctions for non-payment, and will place greater emphasis on creditors' responsibilities when providing loans. One of the main anticipated benefits of the changes to aid with limiting the indebtedness of the socially vulnerable should be a significant reduction in the number of usurious companies providing credit.  full story




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