Connect with us

Economy

Banks cannot increase interest or commissions on family loans after default – Banking and Finance

Published

on

Banks cannot increase interest or commissions on family loans after default - Banking and Finance

Those who adhered to a banking moratorium during the pandemic cannot be subject to higher interest rates or commissions from financial institutions. The obstacle is part of the new social support measures for families after the gradual end of the moratorium, starting at the end of September.“There has been a ban on interest rate hikes and heightened signs of deteriorating financial capacity, such as unemployment, loss of income, or the fact that a client is pursuing a professional career in a difficult sector,” the diploma said in a published diploma. Friday in Diario da Republic. The government argues that the moratoriums have helped to “preserve liquidity and regular funding” of the economy. However, with the end of these measures, “the protection of families, in particular with regard to the home loan, cannot fail to receive special attention”. These are the Plan of Action for the Prevention of Risk of Non-Performance (PARI) and the Out-of-Court Procedure for Resolving Situations of Non-Performance (PERSI).

In the first case, banks must assess the signs of deteriorating financial position 30 days before the end of the moratorium. And they must submit proposals that match the financial situation, goals and needs of their clients, in order to prevent defaults, within 15 days before this barrier.

In the second case, clients who are included in this procedure within 90 days after the termination of the moratorium retain for another three months such protections as a guarantee against termination of the contract or filing claims. The network of out-of-court support for the bank’s clients will also be activated, including information and arbitration centers for consumer disputes.

See also  He ended up in his pockets in 2002. It has been 20 years since the euro began to circulate.

In addition to these two dates, regular monitoring will be carried out, which will be adjusted by the supervisor. “Also, the obligation to monitor the bank’s clients has been strengthened, which materializes in the fact that institutions need to take the necessary steps to detect signs of deterioration in the financial capabilities of clients with a minimum frequency to be determined by Banco de Portugal,” he points out.

The Decree-Law “also strengthens the reporting obligations of credit institutions, namely quantitative information that allows for proper supervision and sanctions in the event of non-compliance by Banco de Portugal.”

In connection with the pandemic, a banking moratorium regime was introduced. extended at the end of Julyin the capital component for the period from October 1 to December 31 in accordance with the law of the Parliament. However, this extension only applies to companies from the sectors most affected by Covid-19 and is subject to measures and regulations from the European Banking Authority (EBA), so these plans may start rolling out to families in the coming months.

(News will be updated at 19:00)

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Economy

Everything has been delivered. 10 Bugatti Centodieci are already in the hands of the owners

Published

on

Everything has been delivered.  10 Bugatti Centodieci are already in the hands of the owners

OAll Bugatti Centodieci have been delivered, the Molsheim-based brand said on Monday. Cristiano Ronaldo received the number 07 in October this year. and Bugatti has now revealed that the latest unit – #10 – is already in the possession of its owner.

“The Centodieci combines all the values ​​of the Bugatti brand in an extraordinary package: rarity, innovation, heritage, craftsmanship and unrivaled performance. The production batch of 10 units was so in demand by our customers that it was sold before the Centodieci. was even officially presented,” said Christophe Piochon, president of Bugatti.

This latest example is finished in Quartz White with carbon fiber trim on the bottom and matte grilles. The brake calipers are painted in Light Blue Sport, as is the logo on the rear that refers to the EB110, the iconic Bugatti model that inspired this Centodieci. Inside, the predominant color is also blue, as you can see in the images above.

This block is powered by the same block as the other nine instances. The 8.0-liter W16 with four turbines is capable of developing 1600 hp. In terms of performance, this allows the Centodieci to hit 100 km/h in just 2.4 seconds and reach a top speed of 380 km/h.

Recall that each unit costs the owners eight million euros before taxes.

Read also: We already know when the Bugatti Centodieci fell into the hands of Ronaldo.

Continue Reading

Economy

The first Dacia hybrid. “The cheapest hybrid family on the market”

Published

on

The first Dacia hybrid.  "The cheapest hybrid family on the market"

BUT Dacia revealed this Monday that the hybrid engine has been available since March on the Jogger, the Romanian brand’s model known to be available with a seven-seat variant.

The Jogger Hybrid 140, Dacia’s first hybrid, will hit dealerships in March, but customers can expect and order it as early as January.

The price has been revealed by Dacia and since it’s only available in the seven-seater SL Extreme, it starts at €28,800. The brand claims it is “the most affordable hybrid family car on the market.”

Available in six existing colors to celebrate the launch of this hybrid, there will be a slate gray version, as you can see in the images above.

Equipped with a 1.6 liter four-cylinder petrol engine with 90 hp, the Jogger is also powered by two electric motors (a 50 hp engine and a high-voltage starter-generator). The total power is 140 horsepower. The electric transmission is automatic, four-speed, connected to an internal combustion engine, and two speeds are connected to an electric motor. This combined technology was possible, according to Dacia, only due to the lack of clutch.

Combined with the energy recovery levels of the 1.2kWh (230V) battery pack and the efficiency of the automatic transmission, regenerative braking delivers all-electric traction on 80% of urban journeys and saves up to 40% of fuel compared to a combustion engine vehicle.

Read also: Dual-fuel Dacia Jogger Eco-G. We tried 5 seater and LPG…

Continue Reading

Economy

See how Tesla tests its electric Semi truck in the worst-case scenarios

Published

on

Tesla Semi camião elétrico testes

Tesla has finally been able to bring its long-awaited Semi to market. This electric truck promises to revolutionize transportation and bring all the unique characteristics of this type of electric vehicle to this class of vehicles.

Now that the first units have been delivered, there is hope that they will finally be mass-produced and reach more transport companies. With so many promises to be kept, a new video is now emerging showing Tesla testing its Semi truck under worst-case scenarios.


Tesla Semi is already on the market

Like all Tesla electric vehicles, Semi follows the same line of creating a unique design associated with a platform with the most modern technology available. The proof is in what was presented to the public and surprised most people.

To prove the quality of this new proposal, Tesla published in your LinkedIn account new video. In it, he reveals some of the testing he's done to determine the strength and quality of the Semi's design and its (potential) durability.

Tests to prove its durability

It has been revealed that the Tesla electric truck is subjected to numerous tests and its application in the worst scenarios that drivers may face. It doesn't stop at the ruggedness of the Semi's designs, but goes further and focuses on the motors and batteries themselves.

This is the proof that many have been waiting for to ensure that this new proposal is not limited to a lot of autonomy. Its resistance is great and will provide greater durability, further enhancing the Semi's value and performance.

See also  Volkswagen launches electric version of iconic bread in March - Executive Digest

high quality electric truck

Tesla has already showcased the Semi's quality with a video showing its truck driving roughly 500 miles on just one charge. The big news here is that he managed to make this long journey with a maximum load of about 37 tons.

Now Tesla remains to widely place the Semi on the market. At the moment, only a few companies have access to this new product, with a very long list of pending deliveries, who want to start mass-using this electric truck offering.

Continue Reading

Trending