This document outlines the regulations and laws governing bank account operations, consumer protection, and the rights of account holders in France.
Extract
[...] Regrettable that credit institutions name today's current accounts as consumer accounts. The denomination of current account will be abusive if it makes the consumer believe that the risarticles of the consumer code will be ecartises. Section Opening an account 1§ The right to an account Account is convention with for intuitu personae, contracts CCL with credit establishment rely on trust. Thus, there is a liberty contract and the freedom of commerce: leave each one the choice of CCL or not CCL. [...]
[...] Section Client Protection upon Account Closure Previously, closure was a source of commission perception. Situation has in principle disappeared in the context of the negotiation conducted with the consumer associations. Banks have committed to [...]
[...] Recognition of the right to an account : loi juillet 1998 relative against exclusion. Art L312-1 CMF : any natural or legal person a resident in France without a deposit account, has the right to open such an account in the EC of their choice. Right to account is extended through the 2016 directive to physical persons resident in another Member State of the'EU, and not acting for professional needs. By basic service, we mean all the operational features related to the account management, including client information, cash information, and the provision of risk-free payment means. [...]
[...] Usury = lender fixes an interest ratet suphigher than a rate fixed by law. However, law 1er in 2003 reduced the scope of the ranking of the'prohibition of usury, distinguishing according to the quality of the borrower. - Borrower person exercisechant active profession : Combined lecture of Cconso/CMF. Art L 314-6 Cconso, the prohibition of usury disappears in principle, notably in the morningisre of loan or other credit. The prohibition of usury only subsists in the morningisoverdraft of account. Of mI, law of 2005 in favor of SMEs, excludes the protection of rislaws of usury for the prts accordis for physical persons who act for professional needs. [...]
[...] Commissions are lawful. On the subject, protection of consumer resides in complisto the information, which is made by way of display and leaflet in free accessiss. Accounting convention and tariffs may bethree modifiedis : mais rThis information is required. Some fees may be free, such as delivery of a cheque or execution of an information obligation. In the event of a payment incident, the collection of fees is not prohibited but is capped due to the nature of the incident. [...]
