The Consumer Protection Authority (UOKiK) has weighed in on the low deposit mortgage insurance charge collected by mBank. If the court rules the clause is prohibited, the bank will have to return the charge to consumers who have filed lawsuits.
Poland’s Office of Competition and Consumer Protection has issued its sixth standpoint material to a case. The Authority was called upon to provide its opinion in a dispute between mBank and consumers paying mortgages pegged to the exchange rate of the Swiss franc. Clients are demanding the return of low deposit mortgage insurance. They cite the fact that the clause applied by mBank has been entered into the register of prohibited clauses (number 6068).
