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RussiansТ payments on loans seen limited at 50% of family income

MOSCOW, Sep 11 (PRIME) -- The State DumaТs committee for the financial market is preparing amendments to the legislation that would prohibit banks and microfinance organizations from providing loans to citizens if payments on them exceed 50% of the family income, Izvestia daily reported Tuesday.

The committee plans to complete developing the draft bill by December, the committeeТs chairman Anatoly Aksakov said.

According to credit bureau Equifax, Russians currently spend an average of 40% of income on loan payments.

End

11.09.2018 11:41
 
 
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