The president of the Financial Commission and Deputy of Nuevas Ideas, Dania González, affirmed that people will be able to have their information safely and free of charge.

If companies do not comply with the regulations or abuse financial rights, they will be fined with serious sanctions that can range from 200 to 400 minimum wages and very serious sanctions can reach up to 1,000 minimum wages. That is, from about US$60,000 to US$304,000.

Credit bureaus that accumulate up to 3 sanctions may be closed for non-compliance with the Ley de Regulación de los Servicios de Información, and those that are repeat offenders more than three times may see their business closed.

Likewise, the deputies of this Commission assured that they will not allow private companies to abuse the financial rights of salvadorans.

That is why the Financial Commission has announced that there will be minimum requirements for the credit history reports to be free of charge. There will be 14 customer service offices, one for each department of the country, so that people can approach them and request their credit reports.

Likewise, the Defensoría del Consumidor (DC), the Superintendencia del Sistema Financiero (SSF), and the Banco Central de Reserva (BCR) will be given more competence; these institutions will have the legal tools that were not in the Law so that they can sanction and audit, with a minimum and a maximum of sanctions.