{"id":15393,"date":"2026-05-03T11:28:07","date_gmt":"2026-05-03T11:28:07","guid":{"rendered":"https:\/\/in-greece.com\/index.php\/2026\/05\/03\/pm-signals-tighter-rules-on-consumer-loans-targets-fine-print-practices\/"},"modified":"2026-05-03T11:28:07","modified_gmt":"2026-05-03T11:28:07","slug":"pm-signals-tighter-rules-on-consumer-loans-targets-fine-print-practices","status":"publish","type":"post","link":"https:\/\/in-greece.com\/index.php\/2026\/05\/03\/pm-signals-tighter-rules-on-consumer-loans-targets-fine-print-practices\/","title":{"rendered":"PM signals tighter rules on consumer loans, targets \u2018fine print\u2019 practices"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div id=\"post-1302706\">\n    <!-- .entry-header --><\/p>\n<div class=\"first-img article_thumbnail_wrapper\" itemscope=\"\" itemprop=\"associatedMedia\" itemtype=\"http:\/\/schema.org\/ImageObject\">\n                                                                    <picture><source media=\"(max-width: 767px)\" srcset=\"https:\/\/www.ekathimerini.com\/wp-content\/uploads\/2026\/05\/mitsotakis-2-2-2-1-2-320x200.jpg?v=1777796860\"><img loading=\"lazy\" decoding=\"async\" width=\"960\" height=\"600\" class=\"picture-main-block-image\" data-nxsrc=\"https:\/\/www.ekathimerini.com\/wp-content\/uploads\/2026\/05\/mitsotakis-2-2-2-1-2.jpg?v=1777796860\" alt=\"PM signals tighter rules on consumer loans, targets \u2018fine print\u2019 practices\" src=\"https:\/\/www.ekathimerini.com\/wp-content\/uploads\/2026\/05\/mitsotakis-2-2-2-1-2-960x600.jpg?v=1777796861\"\/><br \/>\n                        <\/source><\/picture>\n                                                        <\/div>\n<div class=\"entry-content\" itemprop=\"articleBody\">\n<p>Prime Minister Kyriakos Mitsotakis on Sunday, as part of his regular weekly address, outlined new government measures aimed at regulating banks and improving transparency in consumer transactions.\u00a0<\/p>\n<p>He confirmed that a draft law prepared by the Ministry of Development is ready, focusing on protecting borrowers from abusive practices in consumer loans of up to \u20ac100,000 that are issued without collateral.<\/p>\n<p>The proposed legislation introduces a cap on total repayment amounts, setting a ceiling between 30% and 50% above the original loan principal, bringing Greece in line with average standards across European markets.\u00a0<\/p>\n<p>It also establishes a 14-day window during which borrowers can withdraw from a loan agreement without penalty.<\/p>\n<p>Mitsotakis described the reforms as a move to eliminate hidden terms and irregular practices in lending, stating that the measures are designed to \u201ccreate a clearer and fairer framework for everyone.\u201d<\/p>\n<\/p><\/div>\n<p><!-- .entry-content --><\/p>\n<\/div>\n<p><script>\n        var NXFBPixelFunc = function () {\n            document.removeEventListener(\"scroll\", NXFBPixelFunc);\n            setTimeout(function () {\n                !function (f, b, e, v, n, t, s) {\n                    if (f.fbq) return;\n                    n = f.fbq = function () {\n                        n.callMethod ?\n                            n.callMethod.apply(n, arguments) : n.queue.push(arguments)\n                    };\n                    if (!f._fbq) f._fbq = n;\n                    n.push = n;\n                    n.loaded = !0;\n                    n.version = '2.0';\n                    n.queue = [];\n                    t = b.createElement(e);\n                    t.async = !0;\n                    t.src = v;\n                    s = b.getElementsByTagName(e)[0];\n                    s.parentNode.insertBefore(t, s)\n                }(window, document, 'script',\n                    'https:\/\/connect.facebook.net\/en_US\/fbevents.js');\n                fbq('init', '109138906120213');\n                fbq('track', 'PageView');\n            }, 0)\n        };\n        document.addEventListener(\"scroll\", NXFBPixelFunc);\n    <\/script><br \/>\n<br \/><br \/>\n<br \/><a href=\"https:\/\/www.ekathimerini.com\/economy\/1302706\/pm-signals-tighter-rules-on-consumer-loans-targets-fine-print-practices\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Prime Minister Kyriakos Mitsotakis on Sunday, as part of his regular weekly address, outlined new government measures aimed at regulating banks and improving transparency in consumer transactions.\u00a0 He confirmed that a draft law prepared by the Ministry of Development is ready, focusing on protecting borrowers from abusive practices in consumer loans of up to \u20ac100,000 &#8230; <\/p>\n<p class=\"read-more-container\"><a title=\"PM signals tighter rules on consumer loans, targets \u2018fine print\u2019 practices\" class=\"read-more button\" href=\"https:\/\/in-greece.com\/index.php\/2026\/05\/03\/pm-signals-tighter-rules-on-consumer-loans-targets-fine-print-practices\/#more-15393\" aria-label=\"Read more about PM signals tighter rules on consumer loans, targets \u2018fine print\u2019 practices\">Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":15394,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"fifu_image_url":"https:\/\/www.ekathimerini.com\/wp-content\/uploads\/2026\/05\/mitsotakis-2-2-2-1-2-960x600.jpg?v=1777796861","fifu_image_alt":"","footnotes":""},"categories":[2],"tags":[],"class_list":["post-15393","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","no-featured-image-padding"],"_links":{"self":[{"href":"https:\/\/in-greece.com\/index.php\/wp-json\/wp\/v2\/posts\/15393","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/in-greece.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/in-greece.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/in-greece.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/in-greece.com\/index.php\/wp-json\/wp\/v2\/comments?post=15393"}],"version-history":[{"count":0,"href":"https:\/\/in-greece.com\/index.php\/wp-json\/wp\/v2\/posts\/15393\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/in-greece.com\/index.php\/wp-json\/wp\/v2\/media\/15394"}],"wp:attachment":[{"href":"https:\/\/in-greece.com\/index.php\/wp-json\/wp\/v2\/media?parent=15393"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/in-greece.com\/index.php\/wp-json\/wp\/v2\/categories?post=15393"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/in-greece.com\/index.php\/wp-json\/wp\/v2\/tags?post=15393"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}