Wednesday, May 4, 2011

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REPRESENT THAT THE BANKING LINK CREDITS

The High Court does not consider it illegal for financial institutions (banks, savings banks, etc.) linking the granting of loans underwriting and mortgage repayment insurance or life insurance with the same groups of banks. And endorses the decision of the National Competition Commission (CNC) Compared to Ausbanc, claiming to own banks and the CNC.
The Commission had not considered that the existence of practices prohibited by the Competition Act. In fact, English and EU law does not consider that product tying in violation of the competition, but can only do in certain situations.

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