Chaco legislature approves protections restricting credit for people with gambling disorder
Chaco’s legislature approved a scheme to protect people facing problem consumption, including gambling disorder, through temporary restrictions on access to cards and credit. The measure creates a confidential provincial register and requires financial institutions and fintechs operating in Chaco to check it before extending credit. The report says the law also provides for administrative sanctions for entities that lend to registered people, but gives no penalty amount.
Banks, card issuers and fintechs operating in Chaco would face new register-checking duties and sanctions for non-compliance.