'Fair banking' law talks set for November 4

Competition

Hungarian governing party Fidesz scheduled the first discussion of the “fair banking” bill for November 4 – the same date when party members will begin discussions on the conversion of foreign currency loans into forints, a senior Fidesz lawmaker announced today.

The head of Fidesz’s parliamentary group, Antal Rogán, said he had already written a letter urging President János Áder to sign the law passed last month forcing banks to pay refunds to borrowers.

"In this system of fair banking... the conditions for providing loans to consumers will be fixed, banks can compete in pricing only," Rogán said, according to Reuters.

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