Law on consumer protection capping interest rates charged by non-bank financial institutions, promulgated by President Iohannis

President Klaus Iohannis promulgated on Monday the law on consumer protection, which refers to the capping of effective annual interest rates of non-bank financial institutions and the curtailment of claims that debt collectors request. The law was adopted by the Chamber of Deputies on March 26 as the decision-making body. Deputies belonging to the parliamentary […]