Post a Comment Print Share on Facebook
Featured Crímenes Sumar Brasil PP OTAN

The main sources of banking litigation take up to four years to be admitted for processing

MADRID, 8 Ago.

- 32 reads.

The main sources of banking litigation take up to four years to be admitted for processing

MADRID, 8 Ago. (EUROPA PRESS) -

The main sources of banking litigation, such as expenses, the floor clause and IRPH, take up to four years to be admitted for processing, according to the latest data collected by the Association of Financial Users (Asufin) for admission to processing in the specialized court 101Bis of Madrid.

The association has stressed in a statement that "nothing" has been advanced in terms of banking consumer protection and that at this time the lawsuits for expenses filed in June 2018, those for the ground clause filed in March 2018, those of IRPH presented in April 2018 and those of multicurrency presented in 2019.

In this sense, he stressed that the appeal resources make the procedure prolong one more year in all litigation.

"After more than ten years of the financial crisis, there are still no effective alternatives for bank consumers: the resolutions of the Bank of Spain and the CNMV are not binding, the accumulated or collective claims are procedurally complex and delay even more the compensation of consumers and financial institutions do not adhere to alternative dispute resolution (ADR) mechanisms," Asufin said in a statement.

The association is waiting to see how the future Banking Authority for the defense of banking clients, currently in the process of being processed, is articulated.

"From Asufin we believe that this figure will only be useful to the extent that its independence is safeguarded and that it has an effective sanctioning capacity, with decisions that are binding, unlike what is currently happening with the claims services of the different organisms", he indicated.

The cost of litigation is another of the variables highlighted by the association and that must be taken into account, not only for the plaintiff, but for the rest of the taxpayers.

"We are the citizens who pay, with our taxes, courts saturated by lawsuits that will end up being favorable to the consumer in 97% of cases," he stressed.