Regulator warns lenders to treat customers fairly

The Financial Regulator is warning lenders to treat customers with concerns about their debt fairly.

Consumers are also being advised to fully inform themselves about the consequences of changing the terms of their mortgages and loans.

Acting Chief Executive of the Financial Regulator Mary O'Dea says customers should not feel under pressure to make quick decisions about loans to manage their finances.

She is advising people to replace any expensive forms of credit like credit cards with more medium-term finance options.


More in this Section

President Higgins and Defence Minister evacuated from hotel in Lebanese capitalPresident Higgins and Defence Minister evacuated from hotel in Lebanese capital

Gardaí appeal for help in search for missing man in GalwayGardaí appeal for help in search for missing man in Galway

Probe launched as Fianna Fail TD claims colleague voted for him in DailProbe launched as Fianna Fail TD claims colleague voted for him in Dail

Taoiseach: All 27 EU states will need to approve any Brexit extension requestsTaoiseach: All 27 EU states will need to approve any Brexit extension requests


Lifestyle

Ovarian cancer has been dubbed ‘the silent killer’. Christina Henry tells Rowena Walsh why she is one of the lucky onesAgeing with attitude: Life after ovarian cancer

More From The Irish Examiner