public. A case that well illustrates this issue is the Bank Fees Reform that took place in Israel in 2007, and led to the … imposition of supervision over bank fees. This reform serves as the case study of this article. Its conclusions are also …

English Abstract: The linguistic complexity of the banking contracts creates informational inequality between the bank …="ltr">In order to protect the customer, it is proposed to impose a broad legal liability on the bank. This liability includes the … repercussions.</p><p dir="ltr">The justification for imposing such a broad responsibility on the bank lies in the perception of the …

English Abstract: Banking (Service to Customer) Law 1981, is one of the cardinal Israeli laws that regulate the bank …-customer relationship. The Law was enacted in order to provide customers with an effective protection against the bank, due to the disparity … the bank a Fiduciary Duty. This vacuum was filled by the Israeli courts, which imposed on the banks a broad fiduciary duty …

English Abstract: Under Israeli Law, the bank is subject to a wide fiduciary duty vis-a-vis its customers‏.</p><p dir …="ltr">By virtue of the fiduciary duty, the bank must protect the interest of the customer. Moreover, the bank must prefer the … interests of the customer over any other interest, including those of the bank itself‏.</p><p dir="ltr">However, the fiduciary …