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BackThe AK welcomes that the Commission has taken up the subject of interest rate restrictions and its intention to ascertain the status quo through the study. Interest rate restrictions represent an important element of consumer protection and debt prevention. Statutory interest rate restrictions as protective regulations are essential in particular for consumers, who are due to financial difficulties in default with (instalment) payments.
A ban or a limitation of interest rate restrictions based on market considerations is totally inappropriate from a consumer's point of view and must therefore be firmly rejected. On the contrary, looking at the excesses, which interest receivables might entail in practice, it is required to expand the protective regulations.
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Christian Prantner
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Benedikta Rupprecht
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