Latvia’s consumer protection authority reported over one billion euros in non-bank loans – including quick loans and leasing – were issued last year. Despite growing concerns, transferring supervision of this sector from the Consumer Rights Protection Centre to the Bank of Latvia is facing delays. Latvian Television’s De Facto reported on June 14th that discussions are ongoing, but progress is slow. The lack of stricter oversight raises questions about consumer protection in this rapidly expanding financial area. The volume of these loans highlights the sector’s increasing importance to the Latvian economy. Regulators are weighing the benefits of increased financial stability against potential impacts on loan accessibility. A decision on the supervisory transfer remains pending.