Banks accused of profiting on back of pandemic

While the main banks have agreed to a three-month payment break for mortgage owners, Pearse Doherty said lenders were throwing the extra interest for the delayed loans back onto borrowers.
Banks accused of profiting on back of pandemic
Pearse Doherty

Banks are profiting from the Covid-19 pandemic. That's according to Sinn Féin's finance spokesman Pearse Doherty and others who have raised concerns about extra payment demands from struggling mortgage holders.

While the main banks have agreed to a three-month payment break for mortgage owners, Mr Doherty said lenders were throwing the extra interest for the delayed loans back onto borrowers.

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