Foreign Currency Loans in Italy

Marta Infantino

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Chapter 9 Foreign Currency Loans in Italy

In: Protecting Financial Consumers in Europe

Author:

Marta Infantino

Marta Infantino
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Type:: Chapter

Pages:: 193–211

DOI:: https://doi.org/10.1163/9789004534391_011

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Abstract

Foreign currency loans are quite common in Italy, and in recent years they have given rise to heated debates. After a first wave of litigation in the 1990s over foreign currency loans indexed in ECU, Italy has adopted many statutory reforms aimed at protecting consumers in the banking and financial sector. Yet there remain considerable uncertainties and gaps, as the recent litigation on credits indexed to Swiss franc (CHF) demonstrates. The paper delves into the details of this litigation, exploring the range of solutions provided to the problem thus far, their underlying rationales, and their consequences.

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Protecting Financial Consumers in Europe

Comparative Perspectives and Policy Choices

Series: Comparative Law in Global Perspective, Volume: 3

Cover Protecting Financial Consumers in Europe

E-Book ISBN:: 9789004534391

Publisher:: Brill | Nijhoff

Print Publication Date:: 15 Feb 2023

Subjects
- International Law

Front Matter

Part 1 Consumer Protection across Different Financial Products

Part 2 Foreign Currency Loans in Europe

Part 3 Financial Ombudsman Bodies and Consumer Protection

Part 4 The Way Forward: Building Consumer Protection through Financial Education

Back Matter

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Chapter 9 Foreign Currency Loans in Italy

Abstract

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Protecting Financial Consumers in Europe

Comparative Perspectives and Policy Choices

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