MontenegroMinistry of Finance prepares law changes to regulate consumer debt
The Ministry of Finance is preparing amendments to a law that would prohibit banks from advertising products that encourage citizens to take on debt and offer free debt counseling.
Background
Many countries in this region are grappling with rising consumer debt, driven by various economic factors. Governments and financial institutions are exploring different approaches to manage this trend and protect citizens from excessive financial burdens. This issue is significant due to its potential impact on individual households and broader economic stability.
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Ministry of Finance prepares law changes to regulate consumer debt
First report 12h agoLast update 12h ago1 takes 1
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started 12h ago•Last update 12h ago
The proposed changes aim to protect citizens from irresponsible lending practices and provide support for those struggling with debt.
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