Moldova's National Commission for Financial Markets found that non-bank credit organization Extra Credit LLC breached consumer credit requirements through improper interest and penalty calculations, incomplete contractual information and an early repayment charge that could exceed the legal cap. It also identified abusive or unclear terms covering unilateral interest rate changes, currency conversion, additional costs and restrictions on borrower rights. The authority plans to seek a court ruling invalidating the terms that breach consumer credit law or were found to be abusive. Separately, it registered a MDL 15.17 million capital reduction by Agrofirma Cimișlia SA, lowering the nominal value of each share from MDL 500 to MDL 200 and leaving capital of MDL 10.12 million across 50,582 ordinary registered shares.
2026-09-04National Commission for Financial Markets
Moldova's National Commission for Financial Markets finds consumer credit breaches and abusive clauses at Extra Credit
Moldova's National Commission for Financial Markets found consumer credit breaches and abusive contractual terms at Extra Credit LLC and plans to seek their invalidation in court. It also registered a MDL 15.17 million capital reduction by Agrofirma Cimișlia SA.