IMF: Romania’s Planned Norms On Abusive Loan Clauses Could Undermine Financial Stability

07.31.2013 By Florentina Dragu

Romania’s planned amendments to the Civil Procedure Code allowing consumers to denounce in court potentially abusive clauses introduced by service providers, including banks, should be balanced so that the stability of the financial system remains intact, an official of the IMF said Wednesday.

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IMF
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