The battle for the application of Ordinance 50, which emerged inJune and targeted making the granting of loans to the consumersmore transparent, has one more episode left: the Chamber ofDeputies 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 harsheststipulations in the Ordinance: the application for old loans aswell, but also mandating the National Authority for ConsumerProtection to decide to suspend the lending operations in the caseof banks where loan contract irregularities are uncovered.
These were also the ones that most unnerved bankers, who rushed tocalculate they were likely to lose around 600m euros this year werethe ordinance to apply in the form proposed by theGovernment.
Now, the Committee secretariat is urgently drafting the report onthe 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 madeup of around 200 pages, including amendments under discussion,starting from a 50-page document.
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