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26 September 2012

Banks forbidden to act willfully with fines

Ukrainian bank customers  were given the chance to dispute floating commissions and penalties in credit agreements.

According to the weekly ´Comments´, new opportunities to protect the rights of customers were provided by Supreme Court of Ukraine, which decided that the loan agreement may be declared partially invalid if its items are unfair and violate the laws "On Protection of Consumers´ Rights" and "On financial services."

Bankers are ready to continue to defend in court the right to use floating commission and penalties.

Source: Comments



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