What is the Buró de Entidades Financerias?
The Buró de Entidades Financieras (Mexican Bureau of Financial Entities) is a consulting and outreach tool by which you can learn about the products offered by financial entities, their fees and rates, customer complaints, unsound practices, administrative penalties levied against them, unreasonable contractual provisions, and any other material information relevant to their performance.
With the Bureau of Financial Entities, you will know who is who among banking institutions, insurance firms, multi-purpose financial companies, savings banks, retirement funds, etc.
With the Bureau, you can compare and evaluate financial entities, their products and services, which will give you more information for selecting the one that suits you best.
This information will be useful in choosing a financial product, as well as for learning about and making better use of those you already have.
The Bureau of Financial Entities is a tool that can contribute to the economic growth of the country by promoting competitiveness among financial institutions; will encourage transparency by revealing information about the performance of financial institutions and the products they offer; and will facilitate responsible management of financial products and services through a detailed knowledge of their characteristics.
The foregoing may lead to greater social welfare, because by putting such diverse information about the financial system all together in one place, users will have the information to optimize their budget, improve their personal finances, properly use credit that will strengthen their economy and obtain insurance to protect it, among other things.
Below is the information that the Buró de Entidades Financerias has regarding COFIDAN’s “records compliance.”
This information pertains solely to the Corporación Financiera de América del Norte, S.A. de C.V., SOFOM, E.N.R. To obtain information about the entire sector to which COFIDAN belongs, visit the Bureau’s site at http://www.buro.gob.mx