28/12/2020 – 09:27 Updated: 12/28/2020 – 09:38
The National Commission of Markets and Competition (CNMC) has reiterated this Monday the investigation of several financial entities for the granting of credits ICO-covid, to find out if there have been unfair acts, such as linking to products such as insurance, alarms or televisions.
In a note, the CNMC explains that it “receives new complaints related to the conditions of the ICO-covid loans “, so continues with the investigations that began during the months of confinement with the launch, six months ago, of the complaints mailbox, which aimed to centralize all complaints and inquiries from citizens and companies.
La CNMC has continued to receive complaints and inquiries related to the granting of ICO-covid loansTherefore, in the current context of economic and social crisis derived from the effects of covid-19, and the possible granting of new loans of this nature or the extension of existing ones, it will remain especially vigilant, “he said in the note the organism.
“In this sense, it will continue to make the pertinent information requirements to financial entities that may be affected by such practices, in order to determine whether their actions are compatible with competition rules,” the CNMC concluded in the statement.
In addition to linking to products other than credit, the CNMC examines whether there have been restructuring cases of previous financial products or the payment of initial expenses as a condition for granting the loans.
After the first complaints and inquiries, the CNMC initiated preliminary proceedings and carried out a series of requirements of information to various financial institutions, and detected a series of actions that could violate competition regulations.