Lawmaker Fernández to Revamp Anti-Usury Laws to Combat Predatory Lending
Costa rican presidential candidate Laura Fernández of the Pueblo Soberano party has proposed a reform to the country’s usury law aimed at combating the practice of “gota a gota” – informal, high-interest loans. Fernández argues that existing legislation, passed during the administration of the Partido Acción Ciudadana (PAC), has inadvertently excluded many Costa Ricans from … Read more