LEARN ABOUT THE SOFIPO MODEL
Popular Financial Companies (SOFIPOS) are financial entities that offer a wide range of services to the general population.
WHAT DO SOFIPOS OFFER?
There are levels of operation that are determined by the amount of total assets of the SOFIPOs.
There are two financial authorities that supervise the SOFIPOs:
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The National Banking and Securities Commission (CNBV): Which will have all the powers regarding inspection and surveillance conferred by the applicable laws. These powers may be exercised directly by the Commission and auxiliarily by the federations, which are authorized and supervised by the Commission. The federations have legal personality and their own assets, and must not be for profit.
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The National Commission for the Protection and Defense of Users of Financial Services (CONDUSEF): Guides and addresses any complaint or claim regarding any financial product or service provided by the SOFIPO, such as deposit accounts, savings, various types of credit, among others.
In itself, the SOFIPO is governed by the National Banking and Securities Commission (CNBV) and its main function is to offer savings and loan plans to clients; having as its main purpose to promote savings and expand access to financing for low-income groups.
DISCOVER THE FINANCIAL ENTITIES OFFERED BY THE FIRM
CONTACT
IBC GROUP
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