New people comment on law that introduces a âcooling periodâ in consumer lending
The State Duma adopted in the second and third reading a law that introduces a âcooling periodâ in consumer lending. If a criminal case of credit fraud is initiated, and a bank or microfinance organization does not comply with customer protection requirements, they will not be able to collect debts and transfer loans to collectors. Here is how the State Duma deputy from the New People party Alexander Demin commented on the new law.
17.02.2025
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đ Summary
The State Duma adopted in the second and third reading a law that introduces a âcooling periodâ in consumer lending. If a criminal case of credit fraud is initiated, and a bank or microfinance organization does not comply with customer protection requirements, they will not be able to collect debts and transfer loans to collectors. Here is how the State Duma deputy from the New People party Alexander Demin commented on the new law.
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