Relevant opinion in the Millennium case
The President of the Office of Competition and Consumer Protection has issued another relevant opinion. The Competition Authority challenged the provisions of the contracts for mortgage loans indexed to the Swiss franc which were granted by Millennium Bank.
The President of the Office of Competition and Consumer Protection has presented a relevant opinion pertaining to the proceedings against Millennium Bank which are pending before the District Court in Grudziądz. The borrower demands the reimbursement of low down payment insurance premiums (low down payment insurance being a form of additional protection used by banks where the borrower fails to make a down payment on real estate at a percentage stipulated under the contract) as well as a declaration that the clauses which imposed the obligation to make such payments upon the borrower were abusive.
The President of the Competition Authority has supported the view of the bank’s client.