Mexico's National Commission for the Protection and Defense of Financial Services Users (CONDUSEF) has published the 2025 results of its financial transparency review of financial leasing offered by 10 non-regulated multiple purpose financial institutions (SOFOM E.N.R.). The exercise focused on disclosure and documentation rather than pricing or product suitability. CONDUSEF reported that seven of the 10 supervised institutions met the applicable rules. After corrective action, seven institutions received a score of 10 and one complied partially, lifting the average score from 1.4 in the first stage to 8.8 at the end of the review. The review was conducted in two stages. CONDUSEF first checked customer files, including standard form contracts, cover sheets and account statements, and reviewed websites, brochures and advertising for clear and consistent disclosures, then assessed whether firms had corrected the deficiencies identified under a forced compliance program. Main breaches included missing early termination and advance payment procedures, prohibited commissions or inconsistencies with the Register of Commissions (RECO), unclear payment due dates and interest calculation dates, incorrect disclosure of ordinary and default interest rates and methodologies, missing notices in account statements and amortization tables, and incomplete website disclosures, including information on the Bureau of Financial Entities and the required statement that the Ministry of Finance and Public Credit had not authorized the institution. CONDUSEF noted that remediation does not exempt firms from sanctions or other applicable measures and said it will continue supervisory actions in this area.
CONDUSEF2026-05-26
Mexico's National Commission for the Protection and Defense of Financial Services Users reports 7 of 10 non-regulated multiple purpose financial institutions met financial leasing transparency rules
Mexico’s National Commission for the Protection and Defense of Financial Services Users (CONDUSEF) published 2025 results of its financial transparency review of financial leasing by 10 non-regulated multiple purpose financial institutions, finding seven initially met disclosure rules and that corrective actions raised the average score from 1.4 to 8.8. The review identified deficiencies in contract and website disclosures, including missing early termination and advance payment procedures, prohibited or inconsistently disclosed commissions, unclear payment and interest terms, and incomplete account statement notices. CONDUSEF stressed that remediation does not preclude sanctions and that it will continue supervisory actions.