On Jul. 16, LTH CB informed of changed consumer credit framework.
LTH CB informed of approved, published changes to the consumer credit framework.
Main Points
LTH CB informed of amendments to its resolutions re consumer credit issues that implement the amended Law on Consumer Credit transposing Dir EU 2023/2225.
The resolutions also implement amendments to the Law on Consumer Credit related to the regulation of the activities of peer-to-peer lending platform operators.
The Regulations on the Assessment of the Creditworthiness of Consumer Credit Recipients and Responsible Lending (#306509) establish an exemption of 40% of the average monthly payment of the consumer credit based on all liabilities to banks.
And on the monthly income ratio of the consumer credit recipient (DSTI).
To ensure proper information of consumer credit recipients about the risks associated with additional financial obligations in the consumer credit advertising environment, the Credit Advertising Rules (#306507) establish more detailed requirements.
LTH CB also made amendments to the rules on mandatory information provision to it by consumer credit providers and peer-to-peer lending platform operators (#306503).
The rules on maintaining the public list of consumer credit providers, of peer-to-peer lending platform operators, and of Public Consumer Credit Intermediaries (#171197)
