Consumer Protection

Supreme Court Decides What Makes a Loan Unfair

29/01/2016
Supreme Court Decides What Makes a Loan Unfair

A judgment by the Spanish Supreme Court, of the 25th of November, 2015, has invalidated as ‘usurious’ a contract for ‘revolving credit’ offered by a finance company that provided access to ‘Fast Loans’ with interest rates up to 24.6% APR (Annual Percentage Rate).

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