Russians were offered to simplify the mechanism for establishing a self-prohibition on loans: voluntarily refusing to receive them through banks and microfinance organizations. RBC writes about this with reference to the text of the bill for the second reading, which entails changes to the laws “On consumer credit” and “On credit history.”

Russians will be able to prohibit themselves from lending directly through banks

The norm may come into force from January 2026. According to the first deputy chairman of the State Duma committee, Konstantin Bakharev, the document is still being “worked out” and discussion of some points continues.

The document also suggests other changes from the original version:

  • It will be checked that the client has a ban on issuing loans based on passport data and additional parameters: at first they offered to do it using SNILS, now it will be an INN.
  • In this version of the document, clauses appeared stating that banks and microfinance organizations will work with statements from the Russians on self-prohibition of loans. Both issues have not been finally resolved, the publication’s interlocutors point out. For example, the head of the Duma Financial Market Committee, Anatoly Aksakov, is against this, as he is sure that banks and microfinance organizations in this situation are self-interested organizations and can begin to “create problems” to citizens who want to establish a self-prohibition of loans.
  • In addition, the date of entry into force of the law as a whole is moved to January 15, 2025, and the main points related to the work of creditors – to January 15, 2026. The legislators explain the change of date by the fact that it will be necessary to include in regional budgets additional costs for the work of the MFC, which will accept applications for self-prohibition.

The self-prohibition of granting consumer loans was approved in the first reading in October 2023. The State Duma believes that such a measure will protect the population from the actions of fraudsters. An exception to the rule would be loans secured by a car or a mortgage.


Karina Pardaeva

Source: RB

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