MEPs say RAIZ is too biased towards credit business rather than consumers

As is known, a public meeting of Parliament was held on Wednesday to strengthen consumer protection in the financial sector, with Minister Geoffrey

Wever announced an important measure that will take effect in January 2025.

Hendrick SatisfiedSome members of the Legislative Council Environmental Protection Agencyannouncing that there was a difference of opinion. The central bank wanted 18%, the minister wanted 25%, but the court ruled on 27%. Hendrick Satisfied Mr Weaver said if all the figures were put together, Minister Weaver was closer to traders than consumers. Mr Tevreden said he would prefer if the figures were closer to consumers.

Minister asks, according to Tevreden, Minister Weaver is closer to traders Jeffrey Weaver What did he make of MP Tevreden’s explanation? The Minister said: “He told the truth that he wanted this to be more on the side of the consumer and less on the side of the traders.” Jeffrey Weaver He went on to say that he explained to the MP that his interpretation was incorrect.

This law is in the interest of consumers, so if the minister wanted to protect financial institutions, he would not have introduced this law. With that, the debate is completely settled. This law has been in force since 2016, but no one has decided to introduce it because it is difficult and complex and requires balancing all interests. It is not an easy decision to make and requires the use of all experts.

Eat mustard after a meal?

“It’s certainly not mustard in the meal,” Minister Weaver said of the remarks to Parliament and the community. According to the minister, many things in our country have improved over time. This remains part of his responsibility. Now we need to monitor the impact.