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Europe Daily Bulletin No. 12582

16 October 2020
Contents Publication in full By article 26 / 34
COURT OF JUSTICE OF THE EU / Banks
Requiring borrowers to pay by direct debit to bank which provided loan infringes EU law, confirms Court of Justice
Brussels, 15/10/2020 (Agence Europe)

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...

Contents

EUROPEAN COUNCIL
INSTITUTIONAL
EU RESPONSE TO COVID-19
EXTERNAL ACTION
SECTORAL POLICIES
SOCIAL AFFAIRS
COURT OF JUSTICE OF THE EU
COUNCIL OF EUROPE
NEWS BRIEFS