New regulation proposal for credit card debts is on the parliament's agenda

A new legislative proposal submitted to Turkey’s parliament would cap credit card interest rates, eliminate POS commission fees charged to merchants, and restructure outstanding credit card debt by stripping away accumulated interest charges. The bill targets the burden of household credit card debt and the costs small businesses face on card transactions, though the text does not specify the proposed interest ceiling or the restructuring terms. The measure matters because credit card borrowing and merchant commission costs are central to domestic consumption and small-business margins in Turkey. What to watch next is committee review and whether the proposed interest cap and debt restructuring are enacted in their current form.