Cyprus consumer protection decisions

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Cyprus consumer protection decisions
 © CyprusPropertyNews 2018
The Cyprus Consumer Protection Service has recently issued decisions against Alpha Bank Cyprus (former Emporiki Bank) and two property development companies Geormaride Ltd and VM Development Ltd.

Alpha Bank Cyprus

Following its investigation into abusive clauses in a housing loan given in 2008, the CCPS ruled that the bank violated the law on abusive clauses in consumer contracts.

These included: calculation of the interest over 360 days; the right of the bank to change the basic rate, the margin, commission and fees at its discretion; the right of the bank to...


This article was automatically added to our system 28-7-2018

Cyprus consumer protection decisions


The contents of this article including any associated images are © CyprusPropertyNews 2018
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