Credit card. credit card management fee project – Financial Sector – Economy

The Third Senate Committee of the Republic sank on Tuesday the initiative that
sought to eliminate certain costs of financial services, including
related to savings account products and credit cards.

The project had two articles. The first who tried to remove the burden of what we know management fees for credit and debit cards, which the financial entities do, while the latter wanted the banks to not charge investors a fixed fee for checking the balance at ATMs, withdrawals, transfers, third-party payments over the Internet and costs per domestic shipment.

"We are not enemies of banks, but we will not let them continue to abuse those who earn the minimum and lose their money in transaction and management fees," said Representative in the House of Representatives Álvaro Hernán Prada the initiative, after knowing the decision.

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