How the balance was tipped in the battle to make retail loans more transparent

The battle for the application of Ordinance 50, which emerged in June and targeted making the granting of loans to the consumers more transparent, has one more episode left: the Chamber of Deputies vote, and bankers are now at an advantage.
Pressured by the National Bank and the International Monetary Fund, the Budget-Finance Committee deputies removed the harshest stipulations in the Ordinance: the application for old loans as well, but also mandating the National Authority for Consumer Protection to decide to suspend the lending operations in the case of banks where loan contract irregularities are uncovered.
These were also the ones that most unnerved bankers, who rushed to calculate they were likely to lose around 600m euros this year were the ordinance to apply in the form proposed by the Government.
Now, the Committee secretariat is urgently drafting the report on the draft law for it to be discussed in the Chamber of Deputies, which also has a decisional role. The draft law has come to be made up of around 200 pages, including amendments under discussion, starting from a 50-page document.