Ordinance 50
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Those who want Ordinance 50 to apply to their contracts have to sign additional papers within the month
Holders of ongoing loans who want to benefit from the provisions of Ordinance 50/2010, which establishes transparent terms for the consumers' loans, need to hurry and sign the additional papers supplied by the bank before Parliament gives its final vote on the...
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 D...
Compromise for Ordinance 50: early payment fee dropped for old loans, costs unchanged
Bankers have managed to modify Ordinance 50 according to their own will, so that the form under which this will submitted to the Chamber of Deputies, after almost six months of debate, will...
Money from IMF conditioned on Ordinance 50
The modification of Ordinance 50 on the individuals' loans so as not to be applicable to existing loans is one of the pre-conditions for Romania to receive the next tranche of around 900 mil...
Băsescu: It is a false impression that Ordinance 50 applies retroactively
Ordinance 50 on loan contracts for individuals is not a retroactive move, as bankers say, and it needs to be turned into law because it regulates the future and banks' temptation to introduc...
Deputies postpone debate on Ordinance 50 again, this time for lack of quorum
The debate over Ordinance 50/2010, which introduces a transparent method of calculating loan interest rates and limits the early repayment fee, which featured on Tuesday's agenda of the Budg...
Enforcement of Ordinance 50 ties clients down with very high margins
Those that have ongoing loans with floating interest rates, but which are not tied to a clear indicator, now have before them additional documents in which bankers propose significant margin...
Why did the state have to intervene on banking market?
The banking system after the disputes over the enforcement of Ordinance 50, which are not over yet, is left with a stain on its image of a highly professional industry, where competition can...