Strong proposal from Romania, after ANPC decided that they wanted to give us a financial culture test before we get loans from the bank

The Romanians, in various forums, commented on this topic, seeing what deviation the National Consumer Protection Authority was able to achieve. “Let the car get tested too, because there’s no more in stock anyway. You get high scores, and you’re on top. Let’s do a test in the supermarket, in the fast food area, nutrition test, let’s see if they understand exactly what And how does he kill them” – perhaps the strongest comment of Roman when he saw the idea of ​​\u200b\u200bthe ANPC.

Individuals wishing to borrow from banks or IFNs, prior to accessing credit, may be required to prove, by filling out a questionnaire, that they have a minimum level of financial knowledge. The ANPC wants to develop a standard law in this regard.

Let’s see what the Romans said when they discovered that the National Consumer Protection Authority practically transferred the responsibility to the common man:

1. Let the car be tested, because there is no other stock anyway. You get high scores, and you are on top of the list. Let’s also do a test in the supermarket, in the fast food section, nutrition test, let’s see if they understand exactly what and how it kills them.

2. In other words, they will not want to lose those who do not understand the terms of the contract.

3. For a small fee, the bankers also give them the answers.

4. The test continues: Here put an X, here draw a line and a marker here.

5. It’s like the text on the cigarette pack, that smoking kills…

6. If the guy fails the test, then this is a good reason to associate him with other “shows”.

7. No education will be conducted using this questionnaire, and will be covered (Bank and ANPC) in the event of a complaint. They (the Romans) can no longer say that they do not know this and that.

See also ANPC communication:

“These days, a meeting was held between the Vice-President of the National Consumer Protection Authority (ANPC), Sebastian Hotka, the Romanian Association of Banks (ARB) and the Association of Financial Companies in Romania – ALB, to find joint solutions to support consumers in obtaining loans in Romania.

Among the topics addressed, in the ANPC’s proposal, was the need to carry out, on a real level, financial education, prior to obtaining a bank loan, by the natural person consumer, by filling out a questionnaire that would reveal his minimum knowledge of the concepts included In the contract, above all, the risks to which it is exposed, in the event of delay in repaying the loan.

It was emphasized that it is very important that this stage also provides for the obligation of the bank to analyze the creditworthiness of the consumer, for the entire term of the loan, taking into account objective elements that can interfere in a person’s life: increased expenses due to the birth of one or more children, a decrease in the ability to work as a result of old age and others.

In the case of IFNs, it is necessary, also by normative law, to detail the terms of payment and the risks to the consumer in the event of impossibility of payment.

It is also very important to explain the meaning of the indicators ROBOR and IRCC, at the time of the conclusion of the credit agreement, and how their development can affect the level of current instalments.

Another theme of the meeting was the need for full transparency, on the part of credit institutions, and real information for consumers regarding access to insolvency proceedings for natural persons, in the event that they become unable to pay, a fact that creates a benefit in the consumer burden. According to the insolvency proceedings, they are protected for a period of 5 years, during which the repayment plan is implemented, respectively, all enforcement proceedings are suspended, during this time period, with the possibility of extending the period for another year.

“In order to properly and completely inform consumers, financial instruments, which are not very easy to understand for everyone, must be explained as clearly and in detail as possible, so that we can ensure that obtaining a loan, over a long period, is educating, especially from the perspective of Obligations of consumers.

I think that information on these topics should be a priority, in order to get rid of difficult situations that citizens may end up with during loan repayments ”- Sebastian Hotka, Vice President of ANPC.

Representatives of the financial environment were very receptive to the proposals made by the Palestinian National Petroleum Agency, noting that banks, so far, are conducting financial awareness campaigns. In response, Sebastian Hotka reiterated the position of the ANPC, which considers this an insufficient measure, and has not achieved its goal, a fact evidenced by the large number of complaints related to the cases previously described.

In the shortest possible time, discussions will continue in order to embody, by mutual agreement, a proposal for a normative law providing for all these aspects, for the benefit of all, consumers and institutions carrying out lending activity,” the ANPC sent in – a press release.

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