economy
March 17, 2026
Citizens Sued Banks for Loan Processing Fees and Received Money
The Supreme Court decided in 2018 that banks have no right to charge loan processing fees. By the end of 2021, over 200,000 citizens had filed lawsuits against banks seeking repayment. They were winning their cases until the Supreme Court of Cassation changed its stance. Banks are now demanding that citizens return the money.
TL;DR
- Banks can charge loan processing fees if disclosed in the contract, according to a revised Supreme Court stance.
- Over 200,000 citizens had successfully sued banks for these fees and received repayment before the reversal.
- Citizens who received money must now return it to the banks with default interest.
- A lawyer notes that prior to this, the dispute was about the clarity and justification of the fees, not the right to charge them.
- The Constitutional Court will now review an appeal on the matter.