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Bank customers looking for more transparency on the costs of current accounts will in future be able to obtain information free of charge on a website of the financial supervisory authority Bafin. For...
The German Federation of Consumer Organizations is also critical of the Bonify app presented by Schufa for viewing one's creditworthiness. It is not critical to use the app to retrieve a free Schufa...
Financial regulator Bafin wants to put a stop to excessive costs in life insurance. High costs do not always mean an appropriately increased return, said Germany's top insurance supervisor Frank... | January 22, 2023
By Luigi Serenelli2020-12-11T10:09:00+00:00 The reform proposal presented by the Committee for Labour and Social Affairs of the Christian Democratic Union party (CDU) has sparked an intense debate on the future of the German pension system. An initial version of the document, which was unofficially circulated, was amended this month leaving several parties unsatisfied with the latest recommendations. “It is a shame that the CDU did not have the courage to include [in the proposal’s final version] employment insurance, which was originally in a draft. We could have worked well together [...