Overview
- The Chamber of Deputies approved the reform 467–0 as an urgent resolution and sent it to the Senate for review.
- Issuing credit or debit cards without express, verifiable consent is declared null, freeing users from any obligation tied to those cards.
- Banks must allow free cancellation in person, by phone, or through a visible 24/7 digital button, apply an immediate preventive block, and complete the process within five business days.
- Entities are barred from charging commissions, annual fees, insurances, memberships, or other services not expressly authorized, and must refund improper charges within five business days.
- CONDUSEF will oversee financial institutions and PROFECO commercial issuers, with lawmakers citing high complaint volumes and warning of potential industry lobbying in the Senate.