Romania, identified with one of highest annual percentage rate in EU
Publicat:Romania was identified with having one of the highest annual percentage rate (APR) in the entire European Union, namely 30,341% (thirty thousand three hundred forty one percent), for a loan of 180 Euro granted by a non-bank institution for a payday loan, a study reveals, regarding crediting in Romania made by the Credere Association, upon the request of Finance Watch Brussels.
"The ambiguity of costs, hiding some costs or redirecting consumers towards lending institutions with a higher cost, are just a few of the problems identified at a national level and which blatantly violate the…
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