Date: 5th October 2016
Author:
Type: In the news
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.