16:54, 24 September 2008 Page views 302 views

Home Credit Bank Found Guilty of Infringement of Competition Law

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FAS of Russia has established that Home Credit Bank had broken par.1, part 1 of Article 14 of the federal law «On protection of competition» (distribution of false or inexact data, which can cause damage to other managing subjects) and par. 2, part 1 of the law (deception concerning consumer properties of goods). The bank presented on its website incorrect data on absence of a commission for provision of credits and inexact data on popularity of its credit products.

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