The State Duma is set to consider a new bill this week that would…
The State Duma is set to consider a new bill this week that would require banks and microfinance organizations to notify clients within 15 minutes if a loan is being processed in their name, aiming to protect citizens from fraud. The initiative was announced by Speaker Vyacheslav Volodin.
Consensus
- The State Duma plans to consider a new law this week aimed at protecting people from fraud related to loan and credit applications.
- The proposed law would require banks and microfinance organizations to inform clients when loans are being processed in their name.
- Notifications must be sent within 15 minutes of the start of the loan application process.
- Notifications will be delivered via the 'Gosuslugi' portal or through the client's contact details.
- The goal is to prevent fraudulent credit agreements and reduce risks associated with criminal issuance of loans in people's names.
- Speaker Vyacheslav Volodin announced the initiative across multiple platforms.
Points of divergence
- According to the Central Bank of Russia, the number of banking operations conducted without client consent increased by 31.2% in 2025 compared to the previous year. — kommersant
- The volume of credit fraud in 23 major Russian banks reached 12.8 billion rubles in 2024, and decreased by 40% in 2025. — vesti
- The notification must include individual contract terms, interest rate, loan amount, repayment term, and information about the right to refuse a loan if it exceeds 50,000 rubles. — vesti
Coverage (3 sources)
- Vologdin announced consideration of a new bill on protection against fraudsters — Коммерсантъ
- State Duma plans to consider bill protecting people from fraudsters this week — Государственная Дума
- Vologdin: deputies will consider a law to protect citizens from credit scams — Вести