The National Commission for Financial Markets (CNPF) published a package of board decisions from its 28 October 2025 meeting covering consumer protection and capital markets supervision. The headline measure targets non-bank credit organisation OCN "OK CREDIT" SRL after the regulator found breaches of statutory limits on charges under consumer credit contracts. Following a consumer petition, CNPF identified violations of Law No. 202/2013 on consumer credit contracts related to applying contract payments other than interest above the legal maximum of 0.04 percent per credit day of the total credit value. The order requires OK CREDIT to claim from the debtor only repayment of the initial disbursed amount, without seeking interest, commissions, fees, penalties or any other contractual payments, and to review its in-execution loan portfolio within 120 days to identify similar cases and either notify affected borrowers that only principal will be collected or refund amounts taken beyond principal, as applicable. Other decisions include requiring SA "ASPA" to provide, within five days, a shareholder and the supervisor with minutes of general shareholder meetings and board meetings for 2019–2023; rejecting OCN "EASY CREDIT" SRL’s preliminary challenge to Decision No. 44/1 of 12 September 2025; partially admitting OCN "GREEN CREDIT" SRL’s preliminary challenge by making technical adjustments to annexes while keeping the contested decision in force; and rejecting preliminary complaints concerning the transitional application of Law No. 106/2022 to a pre-existing motor third-party liability insurance policy and issues raised in relation to ÎM "TOPAZ" SA. On the authorisation side, CNPF removed from the securities issuer register the 79,782 ordinary registered shares previously issued by Magazinul Universal Central "UNIC" SA following its reorganisation into a limited liability company.
National Commission for Financial Markets 2025-10-30
National Commission for Financial Markets orders OK CREDIT to collect only principal after breaching the 0.04% per day consumer credit cap
The National Commission for Financial Markets (CNPF) issued decisions on consumer protection and capital markets supervision, targeting OK CREDIT SRL for exceeding statutory charge limits under consumer credit contracts. OK CREDIT must refund or adjust payments exceeding the legal maximum interest rate of 0.04% per credit day. Additional decisions include shareholder meeting documentation requirements for ASPA and adjustments to challenges by EASY CREDIT and GREEN CREDIT.