The regulatory changes are intended to curb the arbitrary activities of immoral lending establishments.
The Criminal Code will be enriched with a new term: “non-interest costs of providing a monetary benefit.” This is the financial burden necessary to provide a loan.
Based on this maxim, all fees not related to the interest rate of the financial service will not be higher than 25% of the total amount in the case of a loan and 45% in the case of a credit. – loan.
Attorney Maciej Gawronski shares the tenets of the fight against usury, while pointing out possible implications:
“(…) After the changes we are talking about are implemented, there will probably be peace for a while. But over time, methods of contract renewal or carousel, which involves transferring obligations between different entities, will begin.”
