"I know that the National Authority for the Consumer's Protection (ANPC) is flooded with complaints, grievances and notifications by bank clients who report that the banks refuse to implement the provisions of this Ordinance. Therefore, I call on the ANPC leadership not to sanction the banks that fail to enforce Emergency Ordinance No. 50 with a fine, because their hordes of lawyers will challenge this measure anyway. No. You should go directly for the top-severe punishment, go straight for the suspension of the lending activity,' senator of the Liberal Democratic Party (PDL, major at rule) Iulian Urban said.

Under the Ordinance, the banks are required to inform consumers about the pre-contractual terms through a standardized form, and assess the consumers' creditworthiness so as to avoid their getting over-indebted, whereas the consumer has the right to the loan's early repayment, and terminate the loan contract without giving any reason, within 14 calendar days. The Senate is the first Chamber notified on this normative act.AGERPRES