Wednesday, April 12, 2017

[Financiers Talk] 2 banking financial institutions, industry okjoe will prevent legislation chongryeok



Devoting [South Korea before lower cervical financial newspaper reporter] election he rose to over one month chongryeok var is a non-banking sector financial institutions are throwing Parliament pour the financial commitments related to presidential candidates President. Especially in the previous presidential election from card merchant fee cuts, the highest interest rate cut initiatives, such as the financial sector legislation it has made association As a busy state to represent the industry.

According to the 10th industry, the Credit Finance Association, the Korea Financial loan associations, credit association is dedicated to express their visit, the industry enters the parliamentary chamber was initiated with industry legislation.

Korea Loan Finance Association did not put aside the President dedicated staff are hired in December parliamentary aide to former President in charge last year. Concerning the lenders around the neck lawmakers are daebueopbeop the amendment containing the information to the highest interest rate cuts from the current 27.9% to 20% in July last year initiative, currently pending status. Presidential candidate Moon Jae-in is also drawing up a legal commitment to cut the top rate from 27.9% to 20% has increased the top rate cut possibility.

Loan Finance Association said, "you can respond immediately to the National Assembly after the adoption the President and dedicated staff is there to help you quickly deliver the industry's position," he said.

Credit Card Industry and Finance Association took the emergency phase to the turn of the presidential pouring card fee reduction commitments. Has put forward a candidate Moon Jae-card merchant fee cuts, small merchants based on 300 million won 500 million won raised, 500 million won less than 1% cut in the small merchant fee at a 1.3 percent annual sales commitments. Presidential candidate of the National Party candidate Ahn Cheolsu also said it would cut its merchant fees when card payments. And even candidate Sim Sang-jung saying it would cut fees for debit cards to 0%. Park Jumin lawmakers are already in the last year, including a bar-footed a bill of more than a taxi card information, the card merchant fees Pay at 10,000 won.

Credit Finance Association also adopted gimdeoksu President took office immediately after the former parliamentary secretary for former President responsible team leaders, the bar placed in foreign Cooperation.

Credit Finance Association, said, "We are continuing to reside in the National Assembly, such as the recent card merchant fees cut commitments expressed the industry's position," he said.

Credit Information Association responsible for debt collection, etc. has also appealed to the visit of the industry challenges around the neck uiwonsil last year. 12 The war around the neck lawmakers last year, the 'legislation on consumer credit protection "to expand the debtor agent system was implemented only for lenders to full credit was initiated last December. Debtors Debtors directly rather than through a representative system is the system that the debtor to the debt restructuring through a designated representative. When consumers elect representatives to meet the debt collection business including credit shall not communicate directly to consumers.

Credit Information Association official said, "The first clinics around the neck when the foot a bill passed retract all the industry projects," said "to visit more than 20 times last year, but not easy to express an opinion," he said.

The current system was assumed in March jeongmuwi.

Jeongmuwi about this bill "is to expand the debtor representative institutions of credit consumers overall preferred to discuss with the debt collection law enactment and debtors agent system considering that the side effects, such as the debtor's moral hazard, expanding coverage requires careful the admission that, "he said.



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