Pierrakakis announces 3% fixed rate, tenfold fines and stricter servicer rules for out-of-court debt settlement

Kyriakos Pierrakakis announces a fixed 3% interest rate for vulnerable and eligible borrowers in the out-of-court debt settlement mechanism, along with tenfold fines and stricter rules for servicers with fines up to €5 million, via an amendment.

Detected & updated continuously · Source: Nebula