The Central Bank of Russia said the Federation Council has approved a law requiring banks to disclose comprehensive information about their products and services under the requirements and timetable set by the Banking Standard. The measure covers customer information provided in branches, on websites and in mobile apps, and is intended to improve transparency when consumers choose deposits, loans and other financial services. The central bank linked the change to complaint analysis showing that banks often emphasize attractive product features while failing to clearly present risks and special conditions, particularly in digital channels. It also pointed to cases where brokerage and trust management services are presented in savings sections even though investment products do not guarantee returns. The law sets the content of the standard banks must follow when informing customers and is intended to curb the use of dark patterns that can steer consumer choices. It takes effect on 1 September 2027.
Central Bank of Russia2026-07-17
Central Bank of Russia-backed law wins Federation Council approval, banks to disclose fuller product information from 1 September 2027
The Central Bank of Russia said the Federation Council has approved a law that will require banks to provide fuller information on products and services under the Banking Standard. The measure covers branches, websites and mobile apps and targets incomplete disclosures, hidden conditions and digital dark patterns. It will take effect on 1 September 2027.