August 2019

French ordinance n ° 2019-740 of July 17, 2019 standardized the civil penalties applicable to errors (or omissions) in the calculation of the Annual Percentage Rate or, as we say in French, the Global Effective Rate (TEG). The ordinance…

To print this article, simply register or connect to Mondaq.com. In application of article L. 313-1 et seq. of the Consumer Code, banks (more generally professional lenders) are required to include a global effective annual rate…