French rules, which allow a bank to require a borrower - in return for an individualised benefit - to hold their salary or similar income in a payment account for a maximum of ten years, infringe EU law, the Court of Justice of the European Union ruled on Thursday 15 October (Case C-778/18).
A dispute has arisen between the Association française des usagers de banques (AFUB), a consumer association, and the French State concerning the legality of a decree of June 2017 which lays down, in...