The Consumer is satisfied with the decision of the netherlands Authority for the Financial Markets (AFM) from 1 January 2017 new requirements on advertising for subscriptions, including mobile device. The bond sets for years to advocate for more transparency in such subscriptions, and is glad that consumers can now be better informed and be protected.
The AFM showed yesterday know that mobile phones are on credit, be seen as appropriations, on which supervision should be kept. From 1 January 2017, appear in advertisements for subscriptions including device krediettabel and the risk phrase 'borrowing money costs Money'. Also, should the cost of the telefoonkrediet be mentioned separately.
From may 1, operates the AFM additional rules: providers need to than for telefoonkredieten from 250 euro a leentoets decrease, including a review by the Office Kredietregistratie (BKR), and telefoonkredieten from 250 euro to register with BKR. This may have an impact on other loans that consumers want to exit.
In October 2014, the demands of the Consumers as a result of decisions of the High Council and the Advertising Code Commission that the telecommunications immediately would stop advertising for ‘free’ mobile phones, for which consumers via subscription fees still had to pay.
The Consumers ‘ association asked the AFM at the time to take action and to take enforcement action with regard to the legal rules in the field of buy on account and credit that apply.
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