Banking sector : The French Competition Authority recommends better information on the tariffs of bank guarantee but does not require decoupling of credit offers and surety deals

*This article is an automatic translation of the original article, provided here for your convenience. Read the original article. Following a request for an opinion from the Union Fédérale des consommateurs - Que Choisir (UFC-Que Choisir), the Competition Authority was asked to give an advisory opinion on the competitive operation of the real estate bank guarantee market. The consumer association was concerned about the lack of price competition in this market because of the impossibility for borrowers, when entering into a mortgage loan contract, to choose a clear and diversified offer of security by a surety organization. The real estate bank guarantee is one of the guarantees available to lending institutions against the risks of unpaid debts not covered by the borrower's insurance,