Voted in First Reading: Payment Service Providers Must Clearly Inform Citizens of All Fees Charged
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Payment service providers (PSPs) and banks will be required to more clearly inform consumers about the fees charged for financial services, after the Parliament voted in first reading the draft law on the comparability of fees for payment accounts, switching of payment accounts and access to payment accounts with basic services. The legislative initiative was developed by the National Commission for the Financial Market (CNPF) and aims to harmon…
Payment service providers (PSPs) will be required to inform consumers clearly of the fees applied, so that each customer knows how much he or she pays for the services he or she accesses, to be able to compare freely the offers available on the market so that he or she can make informed choices.
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