Monday, October 5, 2009

Insurance borrower / Minutes: UFC-Que CHOOSE winner of 93 banks

Believing that the UFC-Que Choisir had abused the freedom of expression, 93 banks were assigned July 13, 2007, the association, its President, Editor in Chief and two of its employees.
By a ruling of September 23, 2009 subject to appeal, the Board of the Press Tribunal de Grande Instance of Paris ruled against banks of all their requests. Eight domestic banks have even been sentenced to pay to the UFC-Que Choisir and each employee in question, several hundred dollars in reimbursement of legal costs incurred. The court ruled that the evidence produced in court by the association showed that it had elements of investigation and serious consideration, such university, court decisions and internal documents to the banks on the legality assemblies in place. Judges also felt that the intensity of some of the remarks did not exceed the permissible limits of freedom of expression and were justified by the legitimate aim pursued by the association and the general interest of the case.

This decision reinforces the action of UFC-Que Choisir:
- To punish the excesses of the past, the association sued in May 2007 the NPC and the Savings Bank in order to judge the illegality of these practices. These actions are still ongoing but should, if they lead to favorable judgments, can be used by consumers to claim compensation.
- To rebalance the future the insurance market borrower, UFC-Que Choisir took the Competition Authority. Notice must be made very soon.
- Following the action of UFC-Que Choisir, Christine Lagarde has undertaken to improve the functioning of competition in this market. A provision of the bill reforming the credit passed the Senate in June and discussed shortly in the National Assembly, plans to let consumers choose their insurance contract. The UFC-Que Choisir hopes that its intervention will remedy the shortcomings identified in this market.

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