BANKS MAY be granted greater powers to contact customers who are in mortgage difficulty, under proposals being considered by the Central Bank.
Under the existing code of conduct set out by the Central Bank, lenders are forbidden from contacting customers who are in arrears more than three times in one calendar month.
It is understood the Central Bank is seeking to review this stipulation, amid concern that some customers are not addressing their arrears problem.
Banks may get greater powers to contact clients in arrears (Irish Times)
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