Rubén Moreira's Mexican reform push

In July 2026, federal deputy Rubén Moreira Valdez began a legislative drive aimed at curbing abusive financial practices in Mexico. He first highlighted the extreme interest rates on credit‑card products—often exceeding 100% annually and total costs over 200%—which he argued harmed low‑income families. Moreira announced a point of agreement and a bill to amend the Credit Institutions Law, targeting hidden fees such as inactivity charges and cash‑payment surcharges, and called for greater consumer‑education campaigns.

A few days later, Moreira broadened his reform agenda by introducing an amendment to Article 217 of the Federal Penal Code. The proposal would criminalize public officials who knowingly impose illegal fees or fines, citing cases like excessive charges levied on telecom companies for using public infrastructure in Sinaloa. The bill seeks harsher penalties when the abuse involves strategic public assets, distinguishing deliberate exploitation from administrative errors.

Together, the two initiatives illustrate Moreira’s expanding focus from consumer‑level financial protection to addressing corruption and illegal profiteering by public servants, marking a concerted effort to tighten Mexico’s financial and penal regulations.