Sounds to me like the decision declares most consumer loans in the EU illegal due to purposeful obsfucation of the terms by banks. In that case it may well be the banks who have to eat the costs as punishment. Looking at what's going on with Evergrande and the US debt ceiling, some new financial winds are in the air.

Sounds to me like the decision declares most consumer loans in the EU illegal due to purposeful obsfucation of the terms by the banks. In that case it may well be the banks who have to eat the costs as punishment. Looking at what's going on with Evergrande and the US debt ceiling, some new financial winds are in the air.