Costa Rica: Controversial Credit Card RegulationsNew regulation to be enacted by the Economy Ministry has created controversy among credit card issuers.Monday, February 22, 2010
Velia Govaere, vice minister, commented that the proposed changes will introduce more information transparency. Source: Nacion.com ¿Busca soluciones de inteligencia comercial para su empresa?Credit and Debit Card Market in Costa RicaJanuary 2014 At the end of October 2013 the number of cards in circulation amounted to 1,723,306. Plastic Money in Costa Rica: Report up to July 2013October 2013 Credit card debt grew by 1.5% to a total of $1.482 billion, while the number of cards in circulation up to July 31, 2013 was 1,731,673. Costa Rica: New Regulations for Credit CardsApril 2010 New rules forbid issuers from “stalking” cardholders in order to collect pending payments. Costa Rica: New Credit Card Regulation CodeOctober 2009 A new regulation code overseeing credit cards, by the Economy Ministry (MEIC), will come into effect on November 3.
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