Polish Ombudsman: Banks Should Refund All Improper Interest, Including Pre-ECJ Ruling

Poland's Financial Ombudsman expects banks to refund all improperly charged interest, including amounts predating the ECJ ruling on interest calculation for non-interest loan costs. This extends the scope of potential refunds beyond the ruling's effective date, increasing financial exposure for Polish banks. The Ombudsman praised the Polish Bank Association's proactive stance, suggesting possible voluntary compliance to mitigate legal risks.