The European Parliament wants to cap bank interest rates for consumer loans
*Member States will also be able to cap the commissions charged by banks from borrowers in case of non-payment of the loan *Foreclosure will not be able to be initiated by the bank until after offering the borrower some forbearance measures *Financial institutions will have to have clear procedures to assess the creditworthiness of consumers and provide them with an appropriate loan repayment program
Romania General Gheorghe Piperea European Parliament National Bank European Commission European Union
Source: bursa.ro