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In Russia, lenders want to prohibit imposing insurance on borrowers
Russian banks may be prohibited from forcing borrowers to take out insurance to obtain a loan. The Federal Ministry of Finance, with the support of the Central Bank, proposed introducing appropriate changes at the legislative level. Creditors - violators will face fines.
As the Kommersant, the authors of the bill refer to a violation of freedom of choice, when a citizen, having come for one service - a loan, must also pay for another - insurance service. The Ministry of Finance proposes that banks should reimburse the borrower for losses incurred in half if they nevertheless insist on insurance.
Lenders, in turn, offer to more clearly work out the concept of imposed services so that unscrupulous borrowers cannot take advantage of the innovation. In general, representatives of large banks reacted positively to the proposal, noting that only those lenders who use an aggressive sales policy will decrease their income.