PRD calls for interest rate regulation (in Spanish)

El Universal, 3/15/2009

Carlos Navarrete
Carlos Navarrete

The Senate leader of the Party of the Democratic Revolution, Carlos Navarrete Ruiz, called for financial institutions to moderate the interest rates they charge. If they fail to do so, he said, Congress will intervene.

He alleged that the Bank of Mexico and organisms such as the National Commission for the Protection and Defense of Users of Financial Services (CONDUSEF) tend to “take the side of bankers.” He added, “that is not their duty.”

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