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Chedraui-connected Consupago: 180% total annual cost to borrowers

January 7, 2019March 20, 2018

It can cost borrowers 180% of their loan to borrow from Consupago, which is nearly half-owned by the Chedraui family and was founded by Grupo Chedraui, according to information Consupago provided CONDUSEF – Comisión Nacional para la Protección y Defensa …

Consubanco Excessive Loan Rates

January 7, 2019November 29, 2016

Consubanco is a commercial bank that specializes in providing short-term consumer loans and credit cards primarily to employees and pensioners of Mexico’s public sector. These loans are repaid primarily through deductions from paychecks or pension payments—a type of credit that’s …