Through order 361/2024 published this Friday in the Official Journal, the Government confirmed the guidelines for the deregulation of the Argentine economy. In this sense, he declares that it is necessary to take urgent measures to deal with the economic and social crisis facing the country.
He therefore proposes the reconstruction of the economy through the elimination of obstacles and state restrictions that hinder its normal development, “at the same time as trying to more to promote investment in world trade,” according to the Order.
The official text indicates that a comprehensive deregulation plan will be implemented to remove the obstacles introduced by various laws that hinder the free operation of markets “due to interference or -appropriate of the state.” The official text is signed by the President Javier Milei, the Chief of Staff, Nicolás Posse, and the Minister of Economy, Luis Andrés Caputo.
In particular, the change of the Credit Card Law is mentioned to deregulate and simplify the credit card market, adapting it to changes in relationship methods and digitization technologies.
Therefore, it decided that a credit card user does not have to declare the opposition when the monthly statement is sent electronically. Likewise, it has been specified that, if the user does not receive the summary, the financial institution may inform them of their costs by telephone, electronic communication or other similar means, provided that the reason contained in the observe to achieve.
Key points
- The Order eliminated obstacles and state restrictions that prevented the normal development of the economy.
- The credit card market has been deregulated and simplified, adapting to technological changes.
- It has been established that the monthly summary of credit card activity does not have to be against the consumer if it is done electronically.
- Communication channels have been expanded so that users can report that they are not receiving a credit card transaction statement.
Source: Newspaper Ámbito
2024-04-26 18:16:29
#Deregulation #credit #cards #Cano
