MK Naor Shiri (Yesh Atid) presented a banking bill on Thursday that would require banks and the state to co-fund a financial management course for account holders who exceed their credit limit. The bill draws an analogy to mandatory defensive driving courses for traffic offenders. Israel Hayom and Knesset channel reports.
MK Naor Shiri (Yesh Atid) presented a banking bill in the Knesset on Thursday afternoon, proposing that banks and the state jointly finance a compulsory financial education course for customers who exceed their overdraft limits. Shiri drew an analogy to traffic enforcement, stating: "When we commit traffic offenses we are required to take a defensive driving course — same here. An account found in overdraft, the bank and the state will fund a financial education course." The bill (No. 2242174) was filed via the Knesset's direct democracy mechanism. This follows earlier legislative discussion on the topic — as The Zioneer reported on June 14, the Ministerial Committee on Legislation had approved a related banking bill that advances to further readings. The current proposal shifts the focus to a state-bank partnership in financing the course, though full details of the funding mechanism, eligibility thresholds, and enforcement remain to be detailed in committee.
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