It is a consultation and disclosure tool through which you may learn about the products offered by financial institutions, their fees and rates, user complaints, any improper practices in which they may engage, administrative sanctions imposed on them, abusive clauses in their contracts, and other information that may be relevant to inform you about their performance.
Through the Bureau of Financial Institutions, it will be possible to identify who is who among banks, insurance companies, multiple-purpose financial companies, savings banks, retirement fund administrators, and other financial institutions.
This will allow you to compare and evaluate financial institutions, their products, and their services, and will provide you with more information to choose the option that best suits your needs. This information will be useful both when selecting a financial product and when learning how to better understand and use the products you already have.
The Bureau of Financial Institutions is a tool that may contribute to the country’s economic growth by promoting competition among financial institutions. It will also foster transparency by disclosing information to users regarding the performance of such institutions and the products they offer, while facilitating the responsible management of financial products and services by providing detailed information about their characteristics.
The foregoing may result in greater social welfare, as by bringing together such diverse information on the financial system in a single place, users will have more resources to optimize their budgets, improve their personal finances, properly use credit products that may strengthen their financial position, and obtain insurance products that protect them, among other benefits.
https://www.buro.gob.mx/
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