Law office for banking law

Law office for banking law: competent advice and representation

If you have legal problems with banks, we are at your side. Whether loan agreements, fees or financial fraud – we represent your interests and ensure that your rights are protected. As a banking law firm, CDR Legal offers you comprehensive advice and representation in complex financial matters, including credit and investment issues, with the aim of achieving a balance between financial institutions and private individuals. Protection against financial fraud is essential: clients should always critically scrutinize financial offers and recognize fraudulent offers. Our specialist lawyers will support you in enforcing your claims against dubious providers.

Our expertise in banking law

The area of banking law is complex and includes civil and commercial law provisions as well as various special legal regulations that affect banks, financial service providers and their business relationships with customers, companies and other institutions. CDR Legal’s expertise covers the following topics, among others:

• Security and liability in online banking, especially in cases of fraud such as phishing or unauthorized transactions
• Review and processing of contracts, such as credit agreements, loan agreements or savings agreements
• Support in the event of incorrect advice from banks
• Enforcement of your rights as a bank customer
• Contractual rights and obligations of a guarantor and revocation of a guarantee

Security and liability for online banking fraud

Online banking fraud has different faces with phishing, quishing, Trojans, job scamming, identity theft and other scams and affects numerous well-known companies. However, one question brings all cases together: Who covers the loss incurred? According to § 675u BGB, the house bank is liable for the loss if the online banking fraud is an unauthorized payment transaction. However, banks and financial institutions are not always understanding and reimburse the loss without checking the case. If you encounter complications in communicating with your bank or need support in enforcing your claims for compensation, please contact us. This applies not only to online banking fraud, but also to credit card fraud. Here you will find tips on what you should do in the event of credit card fraud and information on who is liable.

Help with credit and loan agreements

Problems with credit and loan agreements are not uncommon. Customers can take action against the bank in the event of unlawful processing fees, excessive loan interest rates or an early repayment penalty if a loan is redeemed before the fixed interest rate expires. Debt rescheduling often makes sense, especially if the new loan is at least 0.2 percent cheaper than the old one. The EU Consumer Credit Directive allows the rescheduling of installment loans at any time if they were taken out after June 11, 2010. In the case of mortgage loans, the remaining debt can be rescheduled after 10 years without an early repayment penalty.

Seek legal advice if you have problems with loan collateral such as mortgages or the termination of land charges. If the bank terminates the loan, this can lead to problems with the realization of the collateral provided or to negative Schufa entries. The law office for banking law CDR Legal is here to assist you.

The right of withdrawal is a powerful tool for consumers to defend themselves against faulty loan agreements. Thanks to the “perpetual right of revocation”, consumers can revoke a loan agreement even years later if the revocation instructions are incorrect. Frequent errors include inaccurate mandatory information or missing information on the responsible authorities. More than 50 percent of all loan agreements contain errors that allow revocation even after the regular revocation period has expired.

According to the ECJ, consumers who have not been properly informed of their right of withdrawal have a right of withdrawal that they can still exercise years later. With the revocation joker, consumers can withdraw from the loan agreement even after a longer period of time and receive back all installments and down payments made up to that point. Successful revocation of a loan agreement also has the advantage that there is no need to pay a prepayment penalty. This can be particularly advantageous for car loans or building loans.

Your rights as a bank customer

Bank customers have various rights. These include the right to receive your bank’s General Terms and Conditions in writing. They should also receive all relevant information about the products they are taking out in writing. Equally important is clear information about all charges, and it is advisable to keep copies of transaction documents. If you have any questions or problems, you should contact your advisor or partner immediately and not wait too long. If the bank is uncooperative, neutral bodies such as ombudsmen or consumer advice centers can help.

Even long-standing bank customers occasionally fall on deaf ears at their bank and need legal assistance to enforce their rights. This can be the case, for example, if an account is suddenly blocked or proof of origin of funds is requested. For a long time, the lack of legal regulations gave banks too much leeway in sales, which was only subsequently restricted by lawyers and case law.

Resolving banking law conflicts with CDR Legal

Our law firm CDR Legal supports you in successfully resolving conflicts in banking law – be it disputes over unauthorized fees, problems with loan agreements or claims following online banking fraud. With our expertise and an eye for your individual concerns, we stand up for your rights. You can rely on our experience to find fair solutions and enforce your claims – competently, reliably and transparently.

Simply fill out the following contact form and we will get back to you promptly for an initial consultation.