Condusef tells you which are the best banks and which are not for a TDC

With the aim of publicizing which are the financial institutions that offer the best opportunities and which are not convenient for users, the National Commission for the Protection and Defense of Users of Financial Services (Condusef), carried out the analysis it presented to citizens. The Condusef carried out the evaluation of 15 financial institutions in relation to the granting of credit cards, this with the aim that people interested in making a TDC application know which banking entity offers better opportunities. You may be interested: Transparency should clarify finances of the state government of SinaloaAccording to the information presented by the Commission, according to the first evaluation, the average was 6.1 out of 10 possible points and in the second evaluation the average was 8.1 units, also, here we leave you which were the five banking institutions that failed: Banca Mifel (2 / 4.8) Banamex (3.8 / 4) Banco Azteca (3.8 / 5.2) Santander Consumo (4.3 / 4.3) Sofom Inbursa (4.6) BBVA (5.1 / 5.1) Some of the guidelines analyzed were financial transparency and quality of credit card information, an evaluation that was carried out during 2020. According to the information of the Condusef, it highlights that the user must sign a current account credit agreement, “where the Financial Institution grants a revolving line of credit, that is, the user uses the credit and makes payments, releasing the line of credit so that, if needed, he can use it again and so on.” In the Transparency guideline, they try to verify the documents and information provided by banks to users prior to contracting a service or product, in addition to complying with the applicable regulations. This with the aim of analyzing the adhesion contract, cover, account statement, as well as the advertising of the product, Internet page and an informative brochure, with which they must contain and comply with the requirements established in the regulations of matter. The Condusef highlights that the average rating went from 6.1 to 8.1 because some institutions made changes, although it was not in all cases. You may be interested: López-Gatell warns fourth wave of Covid-19 in Mexico “but with less hospitalization”Banks that stood out: American Express Bank Banco Regional Scotiabank BanCoppel These four banks are the ones that obtained an optimal score from the first review that the changes requested by the Condusef were made. What were the breaches analyzed by the Condusef: Adhesion Contract It does not contain the concept and the amount or method of calculation of the commissions, nor does it indicate the place where they can be consulted.  They do not indicate the modification procedure.  They do not indicate a decrease in the line of credit.  They do not have the information of the current regulations.  Cover Does not contain the custom CAT according to the specific characteristics of the operation.  It does not indicate the concept and amount or method of calculation of the relevant commissions and clause.  Account Statement Does not indicate the CAT with personalized value expressed in percentage and annual terms.  It does not indicate ordinary interest rates and moratorium in annual terms and in percentage terms.  It does not indicate the Minimum Payment plus the enforceable part of the promotions without interest or the fixed payment.  The Commission specified that it protects users of financial services from any anomaly with the payment of credit card, debit, electronic transfers, payments through account deposits or any other type of payment through a financial institution. 



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