Buenos Aires Digital Wallets Face a Provincial Inquiry Into Their Lending
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9 Articles
Buenos Aires Digital Wallets Face a Provincial Inquiry Into Their Lending
Buenos Aires digital wallets are under investigation for lending practices, with six companies named and potential fines up to US$1.26 million. The post Buenos Aires Digital Wallets Face a Provincial Inquiry Into Their Lending appeared first on The Rio Times.
The president said that the national government “is doing nothing in the face of the anguish of millions of Argentines”; sanctions can reach $1883 million
The Government of the province of Buenos Aires opened an investigation into Mercado Pago, Naranja Digital, Ualá, Personal Pay, Brubank and Cencosud, based on complaints from users about possible abuses and breaches of the Consumer Defense Act. The measure was announced by Governor Axel Kicilof and the Minister of Production, Science and Technological Innovation, Augusto Costa, during a conference held in the Conference Room of the Government Hou…
Axel Kicillof held a press conference this Thursday at the Government House in La Plata, accompanied by the provincial Minister of Production, Augusto Costa. At the event, they presented new initiatives related to household loans obtained through digital wallets, non-bank financial institutions, and other lenders. Kicillof began his remarks by describing the magnitude of the phenomenon. “It is common knowledge, although not precisely quantified,…
The government of the Province of Buenos Aires announced investigations against the main financial applications for harassment, unclear charges and abusive fees. As the bank default begins to yield, the defaults on digital platforms already exceed 30%. Read more
Buenos Aires, 20 August (NA) - In the midst of the crisis due to the over-indebtedness of families, the Buenos Aires governor, Axel Kicillof, and the Minister of Production, Science and Technological Innovation, Augusto Costa, announced today that from the management an investigation file was opened before a series of complaints of users of virtual wallets for abuses and breaches of the Law of Defense to the Consumer. In the Conference Room of t…
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