Physical Address

304 North Cardinal St.
Dorchester Center, MA 02124

BCRA reduces the deadlines that banks have to notify their clients of commission increases


February 23, 2024 – 17:52

The BCRA adjusted the requirement that it imposes on banks to notify in advance of commission increases. The new deadlines benefit entities.

Ignacio Petunchi

The standard modified the standards for the protection of users of financial services with the objective of shortening the notice periods of the changes in commissions that governed the banks. In this way, entities will be able to carry out faster commission adjustments than before, when they had to notify their clients more in advance.

As revealed banking sector sources to Ambit“this was a measure that had already been discussed with the BCRA“. And this was decided in a context in which inflation is very high and the financial entities They asked the regulator for a change that would give them greater room for reaction to adjust your commissions so as not to lose so much in a context of strong price inertia.

Banks announced fee increases

That is why the news of the regulatory change came just one day before Banks will begin to inform their clients that they will increase their commissions and the rates for late payment of credit cards, as a result of the inflationary spike.

These are increases in up to 100% in the cost of their services. This began to happen immediately the day after the BCRA published the rule and the banks indicated, consequently, that the new values will begin to rule since Aprilsince financial entities are obliged to communicate increases in their services 60 days in advance, as established by the new BCRA rule.





Source link

Leave a Reply

Your email address will not be published. Required fields are marked *