Colombia regulator to review usury calculation methodology, mulls AI adoption

Colombia's Financial Regulation Unit, led by Mario Cruz, is considering a study on adopting AI in the system and reviewing the methodology for calculating the usury interest rate. The move signals potential regulatory changes affecting consumer lending rates, though details and timeline remain unclear. This matters as it could alter credit conditions and financial sector operations in Colombia.

AI disclosure: Model-written summary of the source, not a verified fact. Check the sources. How Mosaic works