Overview
- The Chamber of Deputies passed the Monreal-backed overhaul 467–0 after declaring it an urgent resolution and sent it to the Senate.
- Unrequested cards are declared null, generating no annual fees or commissions and requiring no user-initiated cancellation.
- Banks and commercial issuers must provide 24/7 in‑app, online, phone, or in‑person cancellation with immediate preventive blocking and completion within five business days, with proof of termination.
- Institutions must refund improper charges within five business days, and users cannot be reported to credit bureaus over unsolicited or canceled cards.
- Condusef and Profeco will oversee compliance, Banxico may issue rules on commissions, and the decree contemplates entry 30 days after publication with up to 180 days for operational adjustments.