Like most industries today, Consumer Finance Services businesses are being significantly impacted by the novel coronavirus (COVID-19). Troutman Pepper has developed a dedicated COVID-19 Resource Center to guide clients...more
On March 26, 2020, the National Banking and Securities Commission (CNBV) issued special accounting standards applicable to credit institutions as a consequence of the COVID-19 contingency. On June 29, 2020, the term granted...more
On June 2, 2020, the following Rules, related to the provisional measures taken due to the COVID-19 pandemic, were published in the Federal Official Gazette: A. Rule 20/2020, addressed to multiple banking and development...more
Extension for compliance with the Resolution that amends the General Provisions applicable to credit institutions published in the Official Gazette of the Federation on August 29, 2017 (“Identity Verification Provisions”) in...more
In response to the requests made by representatives of different financial entities regulated and supervised by the National Banking and Securities Commission (Comisión Nacional Bancaria y de Valores or “CNBV”), the authority...more
On March 26, 2020, the National Banking and Securities Commission (CNBV) issued special accounting standards applicable to credit institutions as consequence of the COVID-19 contingency....more