Cap overdraft interest rates - protect consumers from over-indebtedness traps

Summary

Presentation of a bill to limit the interest rate for overdrafts and overdrafts to a maximum of 5 percentage points above the ECB's key interest rate while preventing the simultaneous unreasonable increase in other fees and charges; Expansion and permanent financial strengthening of financial advice through consumer advice centers and debt advice centers

Machine translation from German. The official text remains authoritative.

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• 19/6525

  Drucksache · DE · 14 December 2018

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