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11.04.2016 15:57 Age: 2 yrs
Category: Press Releases

SPANISH MORTGAGE BORROWERS CELEBRATE LANDMARK VICTORY OVER 101 BANKS


Better Finance’s Spanish member organisation ADICAE is celebrating a historic victory against 101 banks in what has been the biggest class action Spain has ever seen. In this class action suit on behalf of 15.000 mortgage borrowers, a Madrid commercial court deemed that the fixed minimum rate mortgages in question lacked in transparency and declared them null and void, a decision that could potentially apply to 4 million mortgages altogether.

Read the full press release here


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