Argentine Credit Card System

[steveinbsas]

Things changed around 2012. Before then the banking and credit card stuff was a bit easier. They then implemented the PERMANENT DNI requirement, which eliminates a lot of people.

The changes may be related to FACTA.

Here are two related links, one from 2012 and one from last week:

http://www.forbes.co...h-50-countries/

http://dollarvigilan...-latest-fa.html

Apparently, HSBC will be fully compliant with FACTA and I think some expats in Argentina have had their accounts closed as a result.

http://fatca.hsbc.com/

 

[ghost]

Yeah why won't those stubborn Argies get into subprime lending. What could possibly go wrong?

I believe that Argentina qualifies as a Sub prime borrower.