EU Court Rules: Banks Must Reimburse Fraud Victims First, Negligence Claims Come Later
The European Court of Justice has issued a landmark ruling that strengthens consumer protection against online banking fraud across the EU. Banks are now required to reimburse customers for fraudulent transactions...
The European Court of Justice has issued a landmark ruling that strengthens consumer protection against online banking fraud across the EU. Banks are now required to reimburse customers for fraudulent transactions upfront, even if they claim the customer acted carelessly. The burden of proof shifts to the bank, which must demonstrate deliberate negligence on the part of the customer before it can refuse a refund. For international buyers in Spain managing finances in a second language, this is reassuring news: your bank can no longer easily dismiss a fraud claim by simply pointing the finger at you.
Source: idealista/news
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Source: idealista/news