The French rule, which allows a bank to require a borrower – in return for an individualised advantage – to direct their salary or similar income to a payment account for a period fixed by the loan contract, are not in conformity with European Union law, said Advocate-General Henrik Saugmandsgaard Øe in his Opinion delivered on Thursday 27 February (Case C-778/18).
A dispute has arisen between the Association française des usagers de banques (AFUB), a consumer association, and the...