Read more about the article From October 1, when purchasing investment insurance products, you must pass a test

From October 1, when purchasing investment insurance products, you must pass a test

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Сложные страховые продукты с инвестиционной составляющей можно будет продавать неквалифицированному инвестору только в том случае, если он понимает их особенности и риски. Для того чтобы убедиться в знаниях клиента, участник рынка должен будет его протестировать. Такая новация предусмотрена законом , который вступил в силу 1 октября. Правила и процедура тестирования, формулировки вопросов, порядок определения результата установлены базовым стандартом защиты прав потребителей. Если все же возникнут сомнения в том, что клиент понимает

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Read more about the article Banks must calculate the full cost of a card loan based on the maximum possible amount of payments by the borrower

Banks must calculate the full cost of a card loan based on the maximum possible amount of payments by the borrower

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Низкие процентные ставки по кредитным картам, действующие в промопериод, не могут использоваться как база для расчета  полной стоимости кредита (ПСК). Соответствующее информационное письмо регулятор направил кредитным организациям. Некоторые банки предлагают по кредитным картам промопериод с минимальными ставками, по истечении которого ставки для клиентов существенно возрастают. Банк России выявил, что при этом отдельные банки рассчитывают ПСК исходя из ставок, действующих в промопериод. В документе отмечается, что такой расчет ПСК противоречит нормам закона «О потребительском кредите (займе)», вводит заемщиков в заблуждение  и кредитору

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Read more about the article The end of LIBOR

The end of LIBOR

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Joint press release from the Bank of England, the FCA and the Working Group on Sterling Risk-Free Reference Rates (Working Group). Yesterday, 30 September 2024, the remaining synthetic LIBOR settings were published for the last time and LIBOR came to an end. All 35 LIBOR settings have now permanently ceased. The transition away from LIBOR

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Read more about the article APRA revokes International Bank of Australia’s restricted banking licence

APRA revokes International Bank of Australia’s restricted banking licence

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The Australian Prudential Regulation Authority (APRA) has agreed to requests from International Bank of Australia Pty Limited to revoke its licence to operate as a restricted authorised deposit-taking institution (ADI) and IBOA Group Holdings Pty Ltd (IBOA Holdings) to revoke its licence to operate as a non-operating holding company (NOHC). APRA granted International Bank of

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Read more about the article CFPB Takes Aim at Double Billing and Inflated Charges in Medical Debt Collection

CFPB Takes Aim at Double Billing and Inflated Charges in Medical Debt Collection

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WASHINGTON, D.C. – Today, the Consumer Financial Protection Bureau (CFPB) issued guidance to prevent families from being targeted by illegal medical debt collection tactics. The advisory opinion clarifies that debt collectors, which may include third-party “revenue cycle management” companies, are violating federal law when they collect on inaccurate or legally invalid medical debts. These illegal

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