Financial Services Financial Services

French banks can't force borrowers to be deposit-account holders, EU court opinion says

By Jack Schickler
  • 27 Feb 2020 04:15
  • 12 Oct 2020 03:52
French banks shouldn't be allowed to insist that borrowers hold their main checking accounts at the same bank where they have loans, a legal opinion prepared for the EU's highest court said today.
French legislation breaches EU laws designed to promote competition in the banking market because it allows for

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