The central bank promised to fight the practice of disguising consumer loans as payment plans

The central bank promised to fight the practice of disguising consumer loans as payment plans

The Bank of Russia sees an unfair practice when certain market participants offer customers consumer loans under the guise of payment plans, and is working with banks and markets to eliminate it, the acting director of the acting director said on the sidelines of the International Banking Forum. Director of the Behavioral Supervision Department at the Central Bank Sergey Kolganov." All of our supervised banks and payment service operators are under constant surveillance.