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News for Minga

12 years ago
From Cuenca Highlife
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PRIVATE CREDIT BUREAUS OUTLAWED IN ECUADOR

The Ecuador National Assembly has outlawed private credit agencies and mandated that the government establish a public registry to provide credit information about citizens who apply for loans.

Legislators argued that the private credit services were doing substandard work, with high levels of mistakes, and that they should not have access to private banking information.

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