After the Fines in the ROBOR File, the Banks Risk New Sanctions. The Competition Council Investigates the FICO Score
6 Articles
6 Articles
The Competition Council is preparing a new strike against the banks. The FICO score, in view: "And more banks are risking fines."Follow now on Antena 3
The banks risk new fines after the penalties applied in the ROBOR file, in a separate investigation into the exchange of information used to establish the FICO score and the assessment of those requesting credit. The Competition Council suspects a violation of the law and estimates that it will conclude the investigation in a few months, most likely in 2027.
Following the record sanctions of 3.73 billion lei applied in the ROBOR file, the Competition Council is investigating a possible new violation of the law by banks in Romania.
The banks risk new fines after the sanctions applied in the ROBOR file, in a separate investigation into the exchange of information used to establish the FICO score and the assessment of those who apply for credit. The Competition Council suspects a violation of the law and estimates that it will conclude the investigation in a few months, most likely in 2027. "We had two investigations on banks, one [...]
The 10 banks sanctioned in the ROBOR case must present, by the end of November, plans to demonstrate that they will comply with the requirements of the Competition Council. The Authority is thus trying to avoid the withdrawal of credit institutions from the ROBOR index establishment system, which is still used to calculate the rates of many Romanians. What changes [...]
The banks have a deadline until the end of the month to come up with a compliance plan to comply with the decision of the Competition Council of the ROBOR. After the approval of the plan by the Competition, the banks will have legal certainty, so as not to reach the situation where the banks could withdraw from the ROBOR panel, transmits Bogdan Chirițoiu, the president of the Authority.
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