Background on CAME and its Relevance
CAME, or Sociedad Financiera Popular CAME, is a significant financial institution in Mexico. It primarily focused on accepting deposits and offering credit services to individuals, making it a crucial player in the country’s financial landscape. However, due to regulatory interventions, CAME faced challenges that affected its operations and savers’ confidence.
Regulatory Intervention and Payment Scheme
The Comisión Nacional Bancaria y de Valores (CNBV) announced a payment scheme for CAME savers following the management intervention decreed in June 2025 and the revocation of CAME’s authorization on September 19, 2025. This move aims to ensure compliance with the Ley de Ahorro y Crédito Popular.
Payment Details and Coverage
Under this scheme, the CNBV guarantees the repayment of up to 25,000 Unidades de Inversión (UDIs) by September 19, 2025. This amount is equivalent to approximately 219,000 Mexican pesos per person. This coverage applies to 169,564 savers, which accounts for 99.5% of those who had deposits with CAME.
Excluded Savers
Despite the extensive coverage, around 850 savers remain unprotected due to having amounts exceeding the guaranteed limit. As of the end of 2024, CAME had approximately 170,414 savers, while its full customer base, mostly credit-related, totaled 1,371,315.
Funding and Transparency
The CNBV clarified that payments will be made using resources from the Fondo de Protección de Sociedades Financieras Populares y de Protección a sus Ahorradores (Prosofipo), which is composed of contributions from the Sofipos. This process does not involve public funds.
Payment Process and Support
The CNBV and Prosofipo emphasized that the process will be orderly, transparent, and accessible. Savers can apply for payment through the electronic platform www.fondodeproteccion.mx or at designated service centers. Additionally, a support line has been established to address concerns and guide those affected through the process.
Key Questions and Answers
- What is the payment scheme for CAME savers? The CNBV has established a payment scheme guaranteed by the Prosofipo fund, ensuring repayment of up to 25,000 Unidades de Inversión (UDIs) by September 19, 2025, equivalent to around 219,000 Mexican pesos per person.
- Who is covered by this payment scheme? The scheme covers 99.5% of CAME savers, totaling 169,564 individuals.
- Who remains unprotected? Approximately 850 savers with amounts exceeding the guaranteed limit are not covered by this payment scheme.
- How can savers apply for payments? Savers can submit their applications through the electronic platform www.fondodeproteccion.mx or at designated service centers.
- What support is available for savers during this process? A dedicated support line and service centers have been set up to address concerns and guide savers through the payment process.
