Wiewiórowska-Domagalska: Today, law firms decide on the profitability of pursuing claims

The Ministry of Justice is proposing a new consumer credit law that limits the application of free credit sanctions (SKD) to serious violations. This raises concerns about banks' accountability for failing to meet informational obligations. The intention is to create a comprehensive sanction system where consequences are proportional to the violations. Currently, SKD applies to consumer loans up to 255,550 PLN, but smaller claims may not be pursued due to cost-effectiveness. The focus is on ensuring a uniform consumer protection standard rather than relying solely on individual lawsuits. Administrative sanctions will play a crucial role in enforcing compliance across the market, while SKD will address the most severe infractions. The final list of violations eligible for SKD is still under development, aiming for clarity for both consumers and lenders.