Lenders not adequately engaging with borrowers in arrears, says Central Bank
Regulator’s review highlights instances of ‘inadequate follow up with borrowers’ and poor staff knowledge
Source: irishtimes.com
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Regulator’s review highlights instances of ‘inadequate follow up with borrowers’ and poor staff knowledge
The Central Bank of Ireland has carried out a review of the supports provided for borrowers in or facing early arrears.
Regulator warns the public to beware of any credit firm looking for an upfront fee to secure a loan
The scam offers consumers a cash loan in exchange for an upfront fee or an administration fee to apply for a loan.
Such frauds occur when consumers are tricked into manually authorising a payment from their account