The Court of Justice of the European Union (CJEU) has issued another ruling which seems favourable for Polish Swiss-franc (CHF) mortgage borrowers, stating that bank consumers should be able to understand the actual risk related to a loan during the entire duration of a loan agreement.
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A Thursday ruling by the Court of Justice of the European Union (CJEU) on foreign-currency-denominated mortgages, which favoured consumers, came as no surprise and the Polish banking sector was prepared for it, a deputy finance minister has said.
Poland's Supreme Court deferred making a ruling on the case of loans denominated in foreign currencies on Thursday, instead asking the Court of Justice of the European Union (CJEU) to help it resolve a procedural issue on the appointment of judges.
Poland's Supreme Court on Monday refrained from issuing a ruling on a highly controversial case of currency loans, and instead asked the country's central bank as well as the financial regulator and ombudsman for an opinion.
Over half a million Polish homeowners have won their fight against crippling Swiss franc mortgages after the European Court of Justice ruled they can ask Polish courts to allow them to convert their loans into PLN.
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