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Court upholds injunction against improper collection annuity by Itaucard Bank

03/29/2016

This article was translated by an automatic translation system, and was therefore not reviewed by people.

 

 

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The judgment of the 27th Civil Court of Belo Horizonte granted the preliminary injunction collective civil action filed by the Public Prosecutor of Minas Gerais (MPMG) through 14th Prosecutor Defense of Belo Horizonte Consumer, against the collection annuity credit cards Bank Itaucard SA were purchased by consumers with the promise of "free annuity forever" or similar expression.

The injunction requires the bank to refrain from charging any amount by way of annuity for these consumers, under penalty of fine of R$ 2,000 for each unauthorized collection that is proven.

Also according to the court decision, the Itaucard Bank should no longer require these consumers to prove that they are beneficiaries of the free offer, as restoration condition of the offer or continuity of services, under penalty of fine of R$ 2 000 per requirement effectively proven.

The injunction also states that the financial institution to publish on its website within 30 days of the order, information about the decision so that all consumers are aware of the process that involves credit card offer with free annuity.

To view the full decision, click here.

https://www.mpmg.mp.br/comunicacao/noticias/justica-defere-liminar-contra-cobranca-indevida-de-anuidade-pelo-banco-itaucard.htm

 

Source: MPMG

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This article was translated by an automatic translation system, and was therefore not reviewed by people.

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