Judgment on impermissible credit fees: Customers should have money...

The Supreme Court has ruled that a fixed percentage of the credit amount as a fee penalizes customers. The VSV now wants to sue all major banks

After an OGH ruling on credit fees, the BAWAG threatens a wave of repayments. The VSV announces further lawsuits against banks.

The Supreme Court of Justice (OGH) has issued a landmark ruling against BAWAG and Santander Consumer Bank in the much-took case of the Chamber of Labour (AK). Accordingly, their credit handling fees are illegal. The ruling could now have far-reaching consequences for other large banks. The Supreme Court declared that the handling fees collected by BAWAG were not applicable to consumer loans. According to the Consumer Protection Association (VSV)…

Credit handling fees of the BAWAG are inadmissible: The Supreme Court decided this after an AK lawsuit.

Hello people,The Supreme Court today declares the credit handling fees at BAWAG and Santander Bank inadmissible.For many borrowers this means money back soon! "BAWAG takes note of the decision of the Supreme Court and examines the concrete effects of the judgment, so the bank has received a period of six months.The AK is now trying to reach a consumer-friendly solution for those affected by the banks, so that they can easily and simply get their…

VIENNA. Following an association action, the Supreme Court (OGH) has declared the processing fees levied by Bawag to be inadequate for consumer credit of 1.5 per cent.