Financial companies are not allowed to threaten or collect debts after 9pm

On the afternoon of June 8, in the program of the 3rd session of the 15th National Assembly, the National Assembly held a Q&A session on the third group of issues in the banking sector.

Follow VNA, Answering a question from delegate Nguyen Thanh Cam (Tien Giang) about black credit still raging in localities, including the situation of organizations and individuals operating in “black credit” hiding in the shadow of translation business. pawn service, financial support with or without business license with interest rate up to 300 %/year; phenomenon dues hiring, disturbing public order, intentionally causing injury, appropriating property, illegally arresting people…

Governor of the State Bank of Vietnam Nguyen Thi Hong answered questions. (Photo: Doan Tan/VNA)

Governor of the State Bank (SBV) Nguyen Thi Hong said that the Government has issued Directive 12, assigning tasks to ministries and branches to implement solutions to limit this problem.

Specifically, the State Bank is reviewing and amending the application of technology to lending activities by granting and keeping records to facilitate businesses; issued a separate circular on credit of financial companies, which clearly stipulates regulations on debt collection and interest rates.

In addition, in the process of directing and operating, the SBV always directs credit institutions to diversify products and implement lending policies in remote and isolated areas.

In addition, this unit also actively cooperates with the Ministry of Public Security to organize conferences on prevention and combat of black credit in many provinces and cities across the country.

According to the newspaper Law Life, Responding to a question from delegate Pham Van Thinh (Bac Giang) regarding the situation that many people do not have loans but are harassed, insulted, defamed, and threatened by phone calls due to their names and phone numbers in the contacts of People who borrow money through online loan applications but do not pay their debts on time, Governor Nguyen Thi Hong said that from the feedback of the public and the press about debt collection by financial companies, the State Bank has reviewed and found that There is a need to fundamentally amend the provisions of the law.

Currently, the SBV’s circular on lending to financial companies has been revised in the direction that companies are not allowed to collect debt by threatening measures and clearly stipulates the time for debt collection from 9am to 9pm.

MT (t/h)
According to Vietnamnet