The Finance Commission of the Chamber of Deputies approved the project that proposes the modification of the law of usury, that regulates the interest rates and credit operations, so the initiative in favor of Uruguayan debtors will be discussed next week article by article in the Parliament.
The text, with 40 articles, was approved by 9 votes out of 10, since it did not have the support of Town meeting(CA), the party of the Multicolor Coalition that proposes a plebiscite for the restructuring of the debts and gathered more than 70,000 signatures.
The project was promoted by the legislator of the People’s Party, Daniel Pena, who at a press conference indicated that the objective is to “change the rules of the game in the country of what people are charged.”
About, Grief He considered that this is “a very strong signal” and noted that it will have “an impact of no less than 50 points on the interest rate, in the calculation of default and compensatory interest that we allow the financial companies to charge.” According to the legislator, the idea is “that we will have a country with much more sensible rules.”
In turn, his pair Frente Amplio, Gustavo Olmospresident of the Finance Commission, told Radio Carve: “We are aware in the commission that it is an important, relevant issue and in which there is opportunity for improvements.”
“I believe that the project we are considering, with the modifications we have made, will effectively have an impact on the interest and usury rates that citizens pay when they request loans,” Olmos assessed.
The differences of Cabildo Abierto
Town meeting did not accompany the project since about two months ago it promoted a plebiscite that proposes the restructuring of debts to natural persons in relation to elections next year, a measure that triggered the banks’ concern.
This initiative, which generated concern in the banks, has already added the will of other spaces such as One Uruguay and legislators National Party, among other sectors. For it to prosper, the party led by the senator Guido Manini Ríos would have to reach 280,000 signatures before April 27, 2024, the deadline established by the Electoral Court.
Source: Ambito
