Mexican Congress Urges Financial Watchdog to Oversee Lenders Amid Fraud Allegations

Mexico's Congress is taking action to protect citizens from financial misconduct, with the Permanent Commission set to approve a resolution urging the National Commission for the Protection and Defense of Financial Users' Services (Condusef) to intensify its oversight of various financial societies. This move comes in response to detected irregularities and significant financial losses affecting thousands of families, particularly in northern Mexico.

The resolution specifically targets financial entities engaged in lending, with a notable focus on "Préstamo Feliz en 15 Minutos," a company operating as a SOFOM E.N.R. (Sociedad Financiera de Objeto Múltiple, Entidad No Regulada). Originally a local issue in Nuevo León, the complaints against Préstamo Feliz have escalated to a formal demand in the Senate, calling for federal institutions to address the patrimonial damage incurred by numerous families.

Senator Carlos Humberto Suárez Flores of the PVEM party is promoting the resolution, citing figures that underscore the social impact of the alleged fraud. Publicly available information, referenced in the congressional document, indicates that reported damages in Nuevo León alone amount to approximately 177 million pesos due to non-compliance with payments to investors and creditors. Concerns have also been raised about potential victims in the United States, including retirees and pensioners who may have lost substantial life savings.

The financial society, which specialized in offering loans through payroll deduction schemes, was declared in commercial bankruptcy in April 2026 by the Second District Court for Commercial Matters. This proceeding initiated a 185-day conciliation period and imposed precautionary measures on the company's assets. The congressional exhortation also calls upon the National Banking and Securities Commission (CNBV), led by Ángel Cabrera Mendoza, to remain vigilant and ensure that no further operations jeopardize the recovery prospects of those affected or create risks for future investors.

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The figures show the social impact of the issue. According to publicly disseminated information and included in the document, the reported damages in Nuevo León would amount to approximately 177 million pesos due to non-compliance in the payment of capital and interest to investors and creditors.