Marcos Galperin Questioned the BCRA Rule that Requires Reporting the Financial Cost of Loans
4 Articles
4 Articles
The founder of Mercado Libre criticized the indicator Total Financial Cost Annual Cash in Credits
The controversy over the cost of credit on digital platforms added a new chapter after questioning the regulations of the Central Bank (BCRA). Starting with the simulation of a loan in Mercado Pago, businessman Marcos Galperin argued that the Total Financial Cost formula (CFTEA) forces publication of distorted figures [...]
In the midst of the debate on late payment and indebted families, the real cost of digital credit was at the heart of the controversy after Marcos Galperin, founder and former CEO of Mercado Libre, launched a harsh criticism against the current regulations of the Central Bank of the Republic of Argentina (BCRA).
The founder of Mercado Libre described as “FALSO” and “INCORRECTO” the indicator that the agency requires to publish to inform the cost of the credits. The regulation establishes how it should be calculated and what information users should receive. The entry Marcos Galperin questioned the Central Bank for how it calculates the cost of the loans was first published in #BorderPeriodismo.
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