Chile - Financial Sector Assessment Program, December 2021 : Technical Note - Household Indebtedness and Financial Consumer Protection
This Technical Note discusses household indebtedness issues in Chile from a financial consumer protection perspective. The note discusses over-indebtedness concerns and other creditrelated issues practices that appear to be adversely affecting cons...
Main Authors: | , |
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Format: | Report |
Language: | English |
Published: |
World Bank, Washington, DC
2022
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Subjects: | |
Online Access: | http://documents.worldbank.org/curated/en/099455107152211331/P172020018d97103a0aa0c02fbdce66bdcd http://hdl.handle.net/10986/37750 |
Summary: | This Technical Note discusses
household indebtedness issues in Chile from a financial
consumer protection perspective. The note discusses
over-indebtedness concerns and other creditrelated issues
practices that appear to be adversely affecting consumers –
particularly more vulnerable, lower income consumers – in
Chile and gaps in the current financial consumer protection
regulatory and supervisory framework needing to be bridged
to assist in addressing these issues. The note considers
both issues that had already manifested prior to the
COVID-19 pandemic and developments during the pandemic.
Importantly, the note highlights credit-related issues which
warrant focus from a consumer protection perspective even if
they may not necessarily be a concern from a stability perspective. |
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