The initiative was presented by the People’s Party and will now go to the plenary session of the Lower House.
The Finance Commission of the Chamber of Deputies approved the bill usury presented by the People’s Party.
The initiative is promoted by the deputy Daniel Pena and it was approved today by the other parties present in the room, so it will now go to the plenary session of the Lower House. Deputy Grief He noted that “one hundred percent of the articles” were completed in the vote, so, given the level of approval, the project’s success is almost certain.
However, the legislator indicated on the television program Buscadores that Open Town Hall (CA) did not accompany the project. “I do not understand CA’s approach in not supporting this usury bill,” he commented on the partner party of the Multicolor Coalition. The CA representative on the Commission, Alvaro Perronedid not attend it.
“There is no usury legislation bill that has been presented by CA, the only one is the one that we (the People’s Party) presented,” he noted. Grief.
Grief He estimates that the bill could be approved by the end of the year, and pointed out that it “hits people’s pockets directly,” and that “with the support it has after three years it will be approved by both chambers.” .
Daniel Peña seeks to “adjust” the credit system to the reality of the country
“It is going to have a strong impact on the interest rate that is going to be charged to Uruguayans,” he said this afternoon at a press conference at the Parliament, and added that it was possible to regulate “everything that makes up the credit system in the Uruguay” and “adjust it to the reality of a country that has less than double digit inflation and investment grade.”
Likewise, he explained that the bill seeks to regulate the calculation of interest on arrears on credit cards, something he directly described as a “mafia practice.”
“This law allowed people to be charged default interest from the day they made the purchase and not when the account statement expired,” said the legislator from the government alliance.
Source: Ambito
