Banking Cartel
A banking cartel involved in unfair loan costs, caused at least €5.3 billion in damage by the end of 2022. This affected mortgages, personal loans, and small business loans.
This means consumers ended up paying more, both directly and indirectly through higher prices from small businesses.
Ius is asking the Court to grant compensation to consumers for the damage caused by the banking cartel. In the case of contracts which are still ongoing, it is also asking that the price (spread) be reduced for the future to eliminate the effects of the cartel.
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