Banking Law updates in Spain

Supreme Court Decides What Makes a Loan Unfair

A judgment by the Spanish Supreme Court, of the 25th of November, 2015, has invalidated as ‘usurious’ a contract for ‘revolving credit’ offered by a finance company that provided access to  ‘Fast Loans’ with interest rates up to 24.6% APR (Annual Percentage Rate). The appellant before the Supreme Court pleaded that... Read More