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Mexican Senate Leader Wants Bank Fee Overhaul This Year

  • Key senator confident of convincing AMLO to back changes
  • New bill to be agreed with banks and authorities, Monreal says
Ricardo Monreal

Ricardo Monreal

Photographer: Carlos Tischler/Getty Images

Mexico’s Senate majority leader Ricardo Monreal said that he’s working with banks and regulators on a plan to lower fees for users and that the chamber plans to pass it by December.

Monreal said in the next two to three weeks he’ll meet with financial consumer-protection agency Condusef, lenders and the finance ministry with the aim to approve the bill before the Senate’s current session ends Dec. 15. The bill, which has been watered down from a controversial version last year, will be built through consensus, Monreal said, adding that he will convince President Andres Manuel Lopez Obrador on the merits of ratifying it after he first opposed the change.