The central bank’s decision to reactivate automatic debits for loan recovery has sparked strong expectations in the financial sector. Therefore, this medium reached out to develop this topic in more depth. pablo blancoCFO of Alprestamo.
Paulo Blanco celebrated the announcement saying: completely in progress The vice president of the Central Argentina Fintech Forum made the announcement on Tuesday. aroused great positive expectationsNo doubt, based on the changes in this communication 6909 from 2020, Access to direct debit for loan installments was prohibited”.
Measures to facilitate credit recovery
As he explained, the regulatory changes “are a very good thing because we’ll have collection tools available again.” Give fintechs access to fee recoveryin an orderly and controlled manner that respects the rights of consumers,” thereby “improve and promote Credit collection process.
Blanco emphasized that this correction, combined with lower interest rates, can transform credit markets. “This whole plan is the big end beneficiary of the whole process.” become a consumer. “That’s the purpose of these kinds of measures.”
Similarly, he explained that lower financing costs will enable:long term loanlower interest rates lower the interest burden and significantly reduce the impact of fees on people’s incomes.
How competition affects the market
Interviewees also emphasized the positive impact on competition. that’s what helps the marketimprove the conditions for the subjects and agents of each market. ”
He added that users are already acting more rational and informed. What are the best options when looking for a loan?. Consumers are becoming increasingly rational and informed, which is hugely positive for the economy. ”
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