Results 1 - 6 from 6 for "abusive clauses"
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Romania Consumer Protection Authority’s Cases Against Banks Could Turn Into Class Actions
10.03.2013
The Romanian authority for consumers’ protection, or ANPC, will try to turn a series of court cases against local banks regarding abusive loan clauses into class action lawsuits, ANPC president more
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Romanians Can Take Banks To Court Over Abusive Clauses As Of October 1
09.25.2013
Romanian consumers will be able to denounce in court potentially abusive clauses introduced by service providers, including banks, as of October 1, Prime Minister Victor Ponta said Wednesday. more
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Romania Central Bank: Class Actions Against Banks Won’t Undermine Financial Stability
09.06.2013
Romania’s central bank has notified the Justice Ministry of its conclusions regarding an impact study of potential collective lawsuits against commercial lenders, which shows the financial stability more
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Isarescu: Abusive Clauses Are Part Of Signed Contracts
08.07.2013
The so-called abusive clauses denounced by bank debtors are part of the loan contracts they have signed and therefore should be accepted as such, Romanian central bank governor said Wednesday. more
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IMF: Romania’s Planned Norms On Abusive Loan Clauses Could Undermine Financial Stability
07.31.2013
Romania’s planned amendments to the Civil Procedure Code allowing consumers to denounce in court potentially abusive clauses introduced by service providers, including banks, should be balanced so more
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Banks To Lose RON5B If Forced To Vet Contracts For Possible Abusive Clauses
06.04.2013
Romanian commercial lenders are likely to incur aggregate losses of some 5 billion lei (over EUR1.1 billion) following the potential implementation of a regulation allowing collective lawsuits against more