Displaying items by tag: Financial Commission
Financial Commission will soon present a new law on "Check Truncation"
The President of the Financial Commission and deputy of the Legislative Assembly, Dania González, expressed this morning that soon they will be announcing to the legislative plenary the sixth act of financial justice to the population.
Reforms to the Anti-Usury Law go into effect today
Today the reforms to the Law Against Usury, the Code of Commerce and the Civil Code go into effect, with the purpose of eradicating and sanctioning conducts related to the generation of interest on interest on commissions.
Financial Commission receives reports on implementation of reforms to the Credit History Law
Representatives of the Financial Commission received representatives of the credit bureaus Equifax, INFORED and TransUnion, to learn about the changes that these financial institutions have made in their work dynamics since the entry into force of the reforms to the Credit History Law recently approved by the Legislative Assembly.
Financial Commission proposes to relax requirements to open bank accounts
Deputies of the Financial Commission presented an initiative to reform Article 20 of the Financial Inclusion Law in order to have access to useful and accessible financial products and services that meet the needs of individuals and companies, under an appropriate regulation that guarantees consumer protection.
Financial Commission seeks to establish a Special Law for the Digitization of Checks
The deputies of the Financial Commission said this morning that they are seeking to present, before the Legislative Assembly, a bill that deals with the digitalization of checks, after analyzing the need for it and the benefits that this type of method would bring to the population.
Financial Commission studies regulation of cooperatives and associations to avoid abusive practices
The Financial Commission met with representatives of the Instituto Salvadoreño de Fomento Cooperativo (INSAFOCOOP), to address the regulation of the sector not supervised by the Superintendencia del Sistema Financiero (SSF), which is made up of cooperatives and associations.
Defensoría seeks to promote more affordable interest rates for consumers
The President of the Defensoría del Consumidor (DC), Ricardo Salazar was present at the Financial Commission of the Legislative Assembly where he highlighted that the institution seeks to introduce a methodology that allows, in a more direct way, to promote competition and more accessible interest rates for consumers.
Financial Commission seeks to eliminate mandatory credit card overdraft and membership fees
Deputies belonging to the Financial Commission of the Legislative Assembly, presented today a piece of correspondence that contains the reform to the Ley del Sistema de Tarjetas de Crédito with the purpose of eliminating membership and overdraft charges that allow users to make these payments optionally.
Telephone companies provide details of collections and delinquencies to the Financial Commission
The Financial Commission of the Legislative Assembly called representatives of four telephone companies operating in the country, with access to different telephone, internet and cable services.
Financial Commission summoned ABANSA, BCR, DC and SSF for next friday to put an end to financial abuses
The deputy of Nuevas Ideas (NI), and president of the Financial Commission, Dania González, summoned representatives of the Asociación Bancaria Salvadoreña (ABANSA), Superintendencia del Sistema Financiero (SSF), Banco Central de Reserva (BCR), and the Defensoría del Consumidor (DC), for next friday to put an end to financial abuses.