Ukrainian Parliament Attempts to Enhance Regulation of Consumer Lending
Yulia A. Goptarenko
On 16 October a law introducing amendments to a number of Ukrainian laws governing relations between creditors and consumers of financial services became effective. The law is expected to affect the position of both parties to consumer lending — banks and their borrowers.
One of the main developments of the law relates to the renewal of a ban on extending consumer loans in foreign currency on the territory of Ukraine…
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