On Sep. 10, RUS CB extended financial ombudsman term for 5 years.
RUS CB said its board had decided to extend the powers of Denis Novak as financial commissioner/ombudsman for the rights of financial services consumers in insurance, microfinance, credit cooperation, and credit institution activities, from Oct. 25, 2026.
Follows RUS CB May 2018, issued law on role of financial ombudsman, see #43763.
Summary
Under Federal Law 123-FZ On the Financial Services Consumer Commissioner, the financial ombudsman is appointed by RUS CB's Board of Directors, for a five year term.
