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Bills benefiting bank, co-op clients pass first hurdle in Colombian Congress

A committee in Colombia's lower house has given preliminary approval to a bill that would ban banks from collecting management fees on savings accounts, debit and credit cards, La República reported.

Three more debates are reportedly expected.

In the Senate, another committee also passed on its first debate an initiative that would allow customers of cooperatives, employee funds and mutual entities to make early repayments without incurring penalties.