Microfinance Organization
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Microfinance organizations (MFOs) in Russia are financial institutions that provide loans and related services. As of July 1, 2027, new regulatory standards require MFOs to transparently disclose loan terms, prohibit pre-ticked consent for additional services like insurance, avoid misleading language or visual tricks, and ensure clients are informed about optional services and their right to refuse them.
Events
- As of October 1, microfinance organizations (MFOs) will no longer be…
- Russian MFOs Sell Record Debts to Collectors
- Banks to Notify Clients of Loans via Gosuslugi from 2027
- MFO loan disbursements rise in Q2 2026 amid rising overdue debt
- Banks and MFOs Must Report Debt Collection to FSSP
- Central Bank Proposes Doubling MFO Cash Loan Limits
- Russia's microloan volume drops for first time in 6 years
- The Central Bank of Russia issued recommendations to lenders to…
- Investors with pension savings were also not left out
Recent coverage
- Banks in Russia will be allowed to transfer customers' personal data to third-party organizations — Фонтанка
- Expert gave advice on how to get a loan with high debt burden — РИАМО
- Analyst named conditions for obtaining microloans after tightening rules — РИАМО
- MFO convinced regulators to simplify biometric identification — Коммерсантъ
- In Russia, limits on micro-loan issuance are being introduced — Фонтанка
- MFOS will no longer be able to issue a person more than two expensive loans — Ведомости
- Largest collection agencies bought only 43% of sold MFO debts — Коммерсантъ
- Microfinance companies selling payday loans to collectors sold record debt volume for Russians in two years — The Moscow Times
- Senator Sheikin: Banks and MFIs will be required to submit information to credit bureaus — Вечерняя Москва
- New mechanism for informing citizens about consumer loans and microloans taken out in their name will begin to operate... — ТАСС (Telegram)
- Part of MFC clients may go into the shadows due to biometrics, Central Bank of Russia officials say — Вести
- Banks and MFIs will notify about loans through Gosuslugi starting in 2027 — Вечерняя Москва
- Banks and MFIs will notify about loans via Gosuslugi starting in 2027 — Новости Москвы
- Myonka78: Sber found preferences of 85% of borrowers with debts - SPb Gazeta - St. Petersburg news — Gazeta.SPb
- Lending by MFIs in Q2 grew by 2% compared to Q1 — Интерфакс
- Banks and MFIs required to transfer debt data to bailiffs — РИАМО
- Expert Barkhota warned about fraudsters bypassing citizens' self-bans on credit issuance — Москва 24
- Average size of sold MFO debt increased in the first half of the year to 43 thousand rubles — Коммерсантъ
- Vedomosti: Banks will report to the FSSP on debt collection starting in September — Коммерсантъ
- MFOS will report on collection of overdue debts starting in September — Фонтанка