Amendments proposed to the Law on Payment Services and Payment Systems failed to secure support from the majority of deputies, halting efforts aimed at reducing unnecessary banking fees. The legislation sought to provide greater protection for citizens by mitigating additional charges that many feel are burdensome, particularly amid current economic challenges and rising costs of living. During the parliamentary session, the opposition voiced strong concerns regarding the impact of the existing fee structures.
PLD leader and deputy, Monika Zajkova, addressed the chamber, criticizing the legislative outcome. She stated that the debate centered on whether the law prioritized the interests of the banking sector over the welfare of the public. Zajkova highlighted a long-standing concern, noting that the issue of excessive fees and record profits within the banks had been raised repeatedly over the past three years.
She pointed out that despite these warnings, citizens continue to face increasing costs, while the financial institutions reportedly maintain high levels of profitability. The failure to pass the amendments suggests a continued divergence between consumer advocacy goals and the current legislative consensus. The proposed changes were intended to create a more regulated environment for financial transactions, aiming to ensure that fee structures reflect genuine service costs rather than maximizing institutional revenue.
The outcome leaves the protection of consumer finances in the payment sector subject to further review or alternative legislative action.
Topics: #citizens #majority #banks
