The Decree indicates that a broad deregulation plan will be implemented to eliminate the obstacles introduced by various laws that interfere with the free functioning of markets.
Through the decree 361/2024 published this Friday in the Official bulletin, The Government ratified the course of the deregulation of the Argentine economy. In this sense, he mentions that it is necessary to take urgent measures to address the economic and social crisis facing the country.
He thus proposes the reconstruction of the economy through the elimination of state barriers and restrictions that hinder its normal development“at the same time as seeking to promote greater insertion in world trade,” according to the Decree.
The official text indicates that it will be implemented a broad deregulation plan to eliminate obstacles introduced by various laws that interfere with the free functioning of markets “due to improper state intervention.” The official text bears the signature of President Javier Milei, the Chief of Staff, Nicolás Posse, and the Minister of Economy, Luis Andrés Caputo.
Credit cards: what the rule says
In particular, the modification of the Law of Credit cards to deregulate and simplify the credit card market, adapting it to changes in relationship modalities and digitalization technologies.
Thus, it was determined that the credit card user you will not need to express your opposition when the monthly summary is sent electronically. Likewise, it was specified that, if the user does not receive the summary, the financial institution can inform them about their expenses by telephone communication, electronic or other similar means, provided that the intended purpose is achieved.
Key points
- The Decree eliminated state barriers and restrictions that prevented the normal development of the economy.
- Deregulation and simplification was carried out in the credit card market, adapting to technological changes.
- It is established that the sending of the monthly summary of credit card operations does not require the user’s opposition if it is done electronically.
- Communication channels are expanded so that users can report non-receipt of credit card transaction summary.
Source: Ambito
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