The Central Bank of Mexico published its annual report to Congress on how it exercised the powers granted under the Law for Transparency and Regulation of Financial Services (LTOSF) across July 2024 to June 2025, also covering selected relevant actions taken later in 2025. The report brings together updates on transparency measures for credit and deposit products, competition-focused changes in payroll-related services, developments in payments regulation and infrastructure, and supervisory and sanctioning activity. On credit transparency, Banxico ran a public consultation (7 November to 22 December 2025) to revise the methodology for the Costo Anual Total (CAT), including simplifying the CAT methodology shown in advertising and credit card statements, adding a CAT methodology for revolving credit lines used via fixed-term drawdowns, incorporating debt crowdfunding institutions as covered entities, and requiring CAT calculations to reflect customer-provided insurance premium quotations where they meet lender requirements. Competition-focused changes included Circular 6/2025 amending Circular 3/2012 to support Créditos Asociados a la Nómina (CAN), with requirements on debit-priority ordering on the payroll account, affordability assessment based on the last six months’ average deposits and a risk-committee-defined amortisation limit, and an information-sharing mechanism so lenders can assess repayment capacity even when they do not hold the payroll account. The report also references the launch of the Banxico Contigo website in December 2024 to centralise retail-facing tools, and the addition of a “financial burden” tool on 10 December 2025. Next steps and timelines highlighted include the requirement for institutions to align all registered commission names with Banxico’s standardised taxonomy in the Registry of Commissions (RECO) by 15 January 2026, and the fact that the CAT consultation closed on 22 December 2025. For Banxico’s credit-offering platform, the technological build and regulatory framework are described as complete, but public release is contingent on broader issuer participation; by end-November 2025, two institutions had completed the steps to participate and two more were expected to be ready in the following months.
Central Bank of Mexico 2025-12-30
Central Bank of Mexico publishes annual LTOSF report highlighting CAT consultation and payroll linked credit reforms
The Central Bank of Mexico's annual report to Congress outlines its actions from July 2024 to June 2025 under the Law for Transparency and Regulation of Financial Services, covering credit transparency, payroll services competition, and payments regulation. Key initiatives include revising the Costo Anual Total (CAT) methodology, amending regulations for Créditos Asociados a la Nómina (CAN), and launching the Banxico Contigo website. The report also notes the completion of the credit-offering platform's technological build, pending broader issuer participation for public release.