Morosity: Kicillof Announced Investigations and Possible Multi-Million Dollar Fines Against Virtual Wallets
6 Articles
6 Articles
The president said that the national government “is doing nothing in the face of the anguish of millions of Argentines”; sanctions can reach $1883 million
The government of the Province of Buenos Aires announced investigations against the main financial applications for harassment, unclear charges and abusive fees. As the bank default begins to yield, the defaults on digital platforms already exceed 30%. Read more
Buenos Aires, 20 August (NA) - In the midst of the crisis due to the over-indebtedness of families, the Buenos Aires governor, Axel Kicillof, and the Minister of Production, Science and Technological Innovation, Augusto Costa, announced today that from the management an investigation file was opened before a series of complaints of users of virtual wallets for abuses and breaches of the Law of Defense to the Consumer. In the Conference Room of t…
"This is not a problem among private people," said Governor Axel Kicillof.
The Buenos Aires governor will investigate complaints of harassment, harassment and non-compliance by virtual wallets. If the complaints are proven, there could be fines for billions of pesos and companies would have to reverse "all breaches." "This phenomenon is the product and result of the famous macroeconomics," he said.
Governor Axel Kicillof and the Minister of Production, Augusto Costa, announced new actions against digital credit companies for abusive terms, user fees and practices of harassment of debtors. They have already received 2,240 complaints against Mercado Pago, Orange, Ualá and Cencosud, among others.
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