Overview
- A joint plenary of the Finance and Consumer Defense committees met on Tuesday, Sept. 29 to sign dictámenes, and La Libertad Avanza together with PRO and the UCR hold 32 of 60 signatures that give them a majority dictamen.
- The officialist majority’s text prioritizes prevention and transparency by expanding Costo Financiero Total (CFT) disclosure, requiring clearer pre-contract warnings, promoting financial education and adding authentication steps before credit is granted.
- Opposition blocs (Unión por la Patria, Provincias Unidas and Coalición Cívica) filed a minority dictamen that would declare a 180-day financial emergency, cap nominal rates, fees and commissions, eliminate punitive interest charges and create refinancing plans of up to 36 months.
- Argentina Federal offered a separate ‘Programa Nacional de Desendeudamiento’ to unify debts into one loan with a fixed-rate ceiling of 35% and income limits for eligibility, plus proposals to use ANSES’s FGS as a funding tool.
- The outcome now depends on floor arithmetic: opposition leaders are courting swing blocs to try to overturn the commission majority in the full chamber, a fight that will determine near-term relief for millions of indebted families and set rules for banks and fintech pricing.