It is impossible to maintain the ability to endlessly take new loans just out of fear that the citizens with the heaviest debts will enter the illegal sector. This is a lack of service and does not solve the rising debt problem.
Therefore, we act in two directions at once. We are gradually increasing the demands on the market and dealing with illegal lenders: we identify such organizations, pass this information on to law enforcement authorities and block their websites and pages on social networks. Based on information for 9 months, we identified 1,392 illegal lenders and blocked 3,500 websites and pages in social networks."
The director of the non-bank lending department of the Bank of Russia Ilya Kochetkov, in an interview with Rossiyskaya Gazeta, explained what risks there are in loans with a loan limit, what will happen if a person submits applications to several MFOs at the same time, what crypto loans are and how new measures affect the quality of the MFO market as a whole.