Law of Financial Intermediaries modified in El SalvadorStarting in January 2009, credit cooperatives and federation will be able to issue credit cards and checkbooks with the approval of the Financial System Superintendence.Friday, August 29, 2008
The Legislative Assembly, in full session, approved the observations that the President of the Republic, Elías Antonio Saca, made to the Law of Non-bank Financial Intermediaries. Source: elsalvador.com Salvadorans Buy Financial Services in HondurasFebruary 2020 The Óptima financial group bought the shares of Financiera Solidaria S.A., a transaction that amounted to $50 million. Guatemala: Credit Card Law SuspendedApril 2016 The Superior Court has ordered the temporary cancellation due to lack of a ruling from the Bank of Guatemala, and the fact that Congress gave approval without having a majority, as stipulated by law. Banking Sector Against Credit Card Law ReformSeptember 2011 The Salvadoran Banking Association is opposing the adoption of a reform which sets a ceiling on interest rates that can be charged for credit card use. New rules for credit cards in Costa RicaDecember 2008 Congress is studying the "Credit and Debit Card Market Regulation" proposed law.
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