Spanish floor clause and mortgage expense complaints

Spanish floor clause and mortgage expense complaints registered with Banking supervisor soar 178% in 2017

The claims service of the Bank of Spain has been overwhelmed by consumers making complaints against lenders for abusive mortgage interest floor clauses, and set-up costs.

The Claims Service of the Bank of Spain is a body that evaluates consumer complaints against financial service companies. The Bank of Spain has revealed that there were 40,173 complaints registered with it against Spanish financial institutions last year.

You can read the complete article here.

 

No Comments

Sorry, the comment form is closed at this time.