Banco de Portugal launches Fees Comparator associated to payment accounts … linked to payment accounts in the Fees Comparator . All institutions that provide these services are required to … information to this comparator (in a universe of almost 200 institutions). Decree-Law No. 107/2017 (only in Portuguese) … linked to payment accounts in the Fees Comparator . All institutions that provide these services are required to … News
Ownership and handling of accounts … deposit agreement (other holders and credit institution). Institutions must not charge fees for the change of current … current accounts held by condominium managers, private institutions of social solidarity or legal persons with … that they are entitled to legitimately open this account. Institutions cannot charge fees for the change of ownership … Deposits
Statements and balances … Credit institutions must provide bank customers with an account … must be provided). In January of each year, credit institutions must also provide bank customers with a statement of fees. Institutions must not charge fees for the reissuing of bank … Institutions are also required to provide depositors with … Deposits
Big data - what it is … from smartphones or the use of payment cards, financial institutions are able to: Create consumer profiles and … for consumers The use of big data may: Enable financial institutions to offer products and services that better meet the needs of consumers; Help financial institutions to prevent frauds, for example by enabling the … Financial literacy Digital channels
New duties of information when refusing to open or convert basic bank accounts … This amendment reinforces the obligation on credit institutions to inform the affected party free of charge of … or another durable medium. As a result of this amendment, institutions are now obliged to inform the bank customer of … initiating alternative dispute resolution procedures. Institutions must also inform the bank customer of the … News Basic bank account
EBA publishes a report on the application of the guidelines on product oversight and governance arrangements … The report looks into how credit institutions have applied the requirements set out by EBA … on 22 March 2016, lay down requirements with which institutions must comply in the design and sale of retail … rise to changes in the organisational culture of credit institutions, by stressing that they must ensure that the … News
Late payment … of the loan on the stipulated date. In this case, credit institutions may require customers to pay default interest … interest rate of the loan. In the event of arrears, credit institutions may charge default interest. This default … Other charges applicable in the event of default Credit institutions are generally prohibited from charging fees … Loans Arrears
Authorised credit servicers … a branch or under the freedom to provide services; credit institutions, financial companies, payment institutions or electronic money institutions having their head office in Portugal; credit … Loans Credit servicers
What they are and types of loans … period, plus interest charges and other costs. Only credit institutions and certain financial companies registered with … in Portuguese) Decree-Law No. 133/2009 (only in Portuguese) Institutions Credit intermediaries – What they are Loans … period, plus interest charges and other costs. Only credit institutions and certain financial companies registered with … Loans
Loan advertising … Institutions release advertising messages on loans in … and services must be: True – the information presented by institutions when advertising their financial products or … or benefits of the financial products and services that institutions highlight in their advertising, must have a … Loans