Industry association cautions cap on loan interest rates likely to massively restrict access to lending

Arbitrarily imposing a blanket cap on interest rates for the entire lending market may have as an effect restricting the people's access to lending solutions for their basic personal needs, triggering negative consequences for the entire economy, Romania's Financial Companies Association (ALB) said in a release on Tuesday."Although this measure is intended to regulate the lending market to the benefit of Romanian consumers, setting a cap on the Effective Annual ...

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