The Central Bank and the Prosecutor General's Office decided to prosecute the loan sharks — Mamut

The Central Bank of the Russian Federation, together with the Prosecutor General's Office, are discussing methods of bringing to justice companies that promise people full debt relief, but do not provide a service.

This was announced by the head of the Service for Consumer Protection and accessibility of financial services of the Central Bank Mikhail Mamuta, speaking at the XXII International Banking Forum.

According to him, numerous companies providing such services (loan providers) promise "debt cancellation, debt forgiveness, and so on." They are especially active in advertising themselves in small Russian cities. A representative of the regulator called this scheme "a disease in a healthy foreclosure market."

"This is something that worries us a lot, and my colleagues from the Prosecutor General's Office, who also understand this problem, are now looking at how prosecution could be organized for such assistants, and maybe further think about improving legislation," Mamuta said.

He also recalled that a law has already been passed in our country prohibiting the advertising of relevant services. The representative of the Central Bank noted that "this will probably not be enough," and therefore the regulator undertook to solve the problem together with prosecutors.

Earlier, EADaily reported that the head of the Central Bank of Russia, Elvira Nabiullina, noted the fact that the country "has set a general direction for lowering the key rate."