Medvedev Calls for More Regulation of Russian Consumer Lending
Russian President Dmitry Medvedev called for additional protection for consumers taking out loans, saying they need more rights in a market dominated by financial institutions.
Citizens need protection from the “enslaving conditions” banks and other financial institutions impose on them in loan agreements, Medvedev told a government meeting in Saransk in central Russia today.
“The price of abuse is too high,” he said. “Banks themselves aren’t interested in preserving this situation.”
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