Caputo Described the Rates of some Fintech as “Abuses”, but Ruled Out Intervention
6 Articles
6 Articles
It was said by economist Hernán Lacunza, who asked not to make "the same mistakes" as in the '90s. "We will generate a local currency credit market for which he collects pesos," he said.
The minister announced a relaxation of the loans in dollars for all the companies, with which it seeks to expand the financing and boost the activity; the measure arrives while the credit in pesos falls in real terms and the lateness remains high in historical terms
“There is a black hole through which the revenues of millions of Argentines are going: the usury debt with banks and virtual wallets. A mechanism that squeezes the last weight of those who have the least,” the author sums up and points out that this flow should be circulating in the real economy. Read more
The Minister of Economy said the government monitors the increase in arrears "from close to close," but ruled out using public funds to assist indebted families. At the same time, it confirmed bank refinancing, analyzed the impact of high rates and anticipated new measures to boost mortgages and loans in dollars.
The Minister of Economy, Luis Caputo, referred this Thursday August 13th to the increase of defaulting debtors in the country. Although he reconfirmed that the government completely discards a salvatage for those affected, he said that the interest rates and financing costs of fintech are "abuses" in many of the...
At the press conference in which the Minister of Economy boasted of the new inflation rate, he acknowledged that the rates at 700% or 400% for loans in virtual wallets are "abuseful", but that he can do nothing. The political arch and specialists went out to cross it strong.
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