Displaying items by tag: AntiUsury Law

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.

With 73 votes, the Legislative Assembly approved reforms to the Law Against Usury, which seeks to curb abusive practices that banks, lenders, pawnshops, among others, have committed against salvadorans.