Eleven banks fined a combined 550,000 RON for misleading commercial practices in installment calculation method
Publicat:Eleven banks operating in Romania were found to apply misleading commercial practices in the installment calculation method, which is why the National Consumer Protection Authority (ANPC) fined them a combined 550,000 RON, and also ordered them to issue new repayment schedules, for the contractual balance to be restored, ANPC general director Paul Anghel told AGERPRES.
"ANPC has identified misleading commercial practices in the way the banking economic operators were calculating installments, due to the fact that on the repayment schedule, in the first years, the installment was 25 percent principal…
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