Banking asks the government that only supervised entities give consumption credit
The National Association of Financial Establishments (ASNEF), mostly integrated by banks financial, has decidedsignatures not supervised by the Bank of Spain to request rapid credits without legal certainty, and in "disproportionate conditions," explain from the employer.
As explained by Legal Sources from ASNEF to Cincoodías, "we defend that all entities that offer credit granting services have the same regulatory rules and demands, and that they are subject to the same level of supervision."They say that "to maintain the high level of consumer protection and given the importance of our sector in the economy, the financing activity must be reserved exclusively to those entities supervised by the Bank of Spain."
They consider, and they have explained it to Economics and the Bank of Spain on several occasions, and they will officially do so, that there are hundreds of unregulated entities that, “under the appearance of modern technological entities, hide disproportionate financial conditionsand a total lack of legal certainty and transparency. ”
The objective is that the government includes its requests in a rule to limit financing activity only to regulated entities."It is what is called the activity reserve," they explain from Asnef.
The employers' employer affirms that Spain is one of the few European countries that does not contemplate this figure of the activity reserve.France, Italy, Germany, Norway, Poland, Portugal and the United Kingdom "have vetoed the business of concession of consumer loans to non -supervised entities.Spain, no, ”they add.
This claim will also send it to Europe through Eurofina (its European Federation) to be included in the board of directors that the European Commission on consumer credit is currently preparing, and which is currently open to the presentation of the presentation ofobservations.The problem is that this directive may take two or three years to enter into force, which is why Spanish authorities have already been addressed to collect their complaints already in a national regulations.
“In the next dates we will move to the Ministry of Economic Affairs and Digital Transformation and the Bank of Spain this request and other aspects that we consider fundamental, in addition to the activity reserve, such as the volume of pre -contractual information for the consumer and also the termin advance required in the delivery of this information prior to the delivery of the product or financial service ”.
The Spanish Association maintains that both the Bank of Spain and Economics "are sensitive to this problem and thus have been publicly expressed."Therefore, "we believe that the right steps are being taken, and we hope that in Spain the activity reserve will be established soon."
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Equal rules for all of the ASNEF Directive emphasize that their proposal goes through that all entities that offer credit granting services ”have the same regulatory rules and demands and are subject to the same level of supervision.Therefore, we claim that the European directive applies to all entities that offer financing services, including all credits, whatever their amount. ”
According to data managed by the employer collected from the Bank of Spain, of the nearly 400 Fintech operating in Spain, only 49 signatures are under the supervision of an official body (Bank of Spain, CNMV or the General Directorate of Insurance and Funds and Funds and Pension plans).
As for pre -contractual information, this association claims a reduction.It considers that the volume of information that would have to be delivered to the consumer, according to the future directive, "is excessive and unincominguable", which makes it "impossible" the assumption of it by the consumer."Volume of information does not mean better information for the consumer, on the contrary, an excess decreases consumer attention on it," explain from the representation of Spanish financial.
Therefore, he is moving his idea of simplifying contractual information, in such a way that the consumer has a first view of simple and accessible simple information, “with essential data, such as the TAE, the amount of quotas, payment deadlines, payment deadlines,The duration of the contract and delay interests, ”they explain from Asnef.
From these data, the consumer could expand the information with a click on different sections, add Asnef sources.
Otras peticiones
Deadlines.Asnef also asks in its observations that will send to the Government and its European Federation to be included in the future directive and, where appropriate, in a Spanish norm, that the new term in advance for the supply of pre -contractual information “can be harmfulFor consumers who are increasingly looking for agility in financing services.Introducing the deadline in hiring at the point of sale, for example, is an obstacle in contracting processes since the consumer always wants to have the product or service immediately. ”"It should be taken into account that this advance is not reasonable, since consumers have a 14 -day withdrawal right, which gives them the margin they need to analyze pre -contractual information and, if you consider it, give up the operation.", they explain from the employer of the financial.
Increase.Consumer credit is one of the banks of banks to grow over the next few years.According to the president of Asnef, Fernando Casero, in an interview with Fifodies: "We believe that we will recover the consumption standards of years prior to the COVID, with moderate growth."
