Fast credit lenders dealt blow

  • 2013-05-29
  • From wire reports
TALLINN - The Estonian Riigikogu (parliament) approved on May 23, with 80 votes in favour, a law that obliges loan-givers to check the background of loan-takers more thoroughly and sets restrictions on advertising consumer credit loans, reports Public Broadcasting.The Justice Ministry said that the law amendments stipulate that loan-takers now have a bigger obligation to check whether a person taking the loan is capable of paying it back. This means that starting July, the loan-giver is obliged to collect all information about the loan-taker to make sure that the person can pay back...
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