8 Articles
8 Articles


OGH provides credit handling fee "disadvantaged" – consumer protectors prepare lawsuits
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
Forward-looking judgment makes credit fees
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)…
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