Consumer credit agreements: in the event of failure to comply with the obligation to provide information, a bank may be deprived of its right to interest

"On 13/02/2025", the "European Court of Justice (ECJ)" issued an update regarding "Consumer credit agreements: in the event of failure to comply with the obligation to provide information, a bank may be deprived of its right to interest". The court ruled that if a bank fails to clearly provide information about charges and fees associated with a consumer credit agreement, it may lose its right to claim interest. This decision aims to protect consumers from unfair practices in the financial sector.