Catalonia fines 17 fast credit companies up to 100,000 euros
Catalonia has fined 17 fast credit companies up to 100,000 euros each for abusive practices and clauses detrimental to consumers.
Major banks negotiate measures to increase the responsibility of smaller institutions after the Master crisis
Major Brazilian banks are seeking regulatory changes to hold smaller financial institutions accountable after the Master bank crisis led to significant financial losses and institutional failures.
Banks, credit card companies, insurers, and prepaid medical services must start issuing electronic invoices
A new regulation mandates banks, credit card issuers, insurers, prepaid medical services, and schools in Argentina to begin issuing electronic invoices from July 2026.
Galípolo from the Central Bank speaks at a BTG Pactual event
Gabriel Galípolo, the president of the Central Bank of Brazil, announced new measures to enhance market supervision and improve the regulations of the Credit Guarantee Fund (FGC) following issues with Banco Master.
Master, BRB, your audits and rating agencies
In October 2024, many financial market participants received information revealing risky business practices by Bank Master, despite warnings from financial authorities.
The U.S. banking sector suffers in the stock market due to Trump's new regulation on credit cards
U.S. bank stocks, including American Express and JP Morgan, have seen significant declines after Trump announced a plan to limit interest rates on credit cards.
The Bank of Spain may prohibit consumer loans if it detects a serious risk to the consumer
The Bank of Spain will gain authority to intervene in the credit market, including the power to prohibit consumer loans if serious risks to consumers are identified.
Stop the abuse in small loans
A new draft law approved by the Council of Ministers in Spain aims to impose stricter regulations on consumer credit to protect vulnerable clients.
Cuerpo announces that in January the norm limiting consumer credit interest will be approved
Economy Minister Carlos Cuerpo announced that a new regulation limiting consumer credit interest rates will be approved in January to enhance consumer protection and transparency.