Central Bank to amend its consumer code

The Central Bank is preparing to amend its consumer protection code on the back of new EU mortgage rules.

Last month, the EU mortgage credit directive was transposed into Irish law.

The new rules, which deal with areas such as pre-contractual information, financial education, and information on charges, are designed to boost protection for borrowers.

“Some amendments to the code will be required to ensure that the provisions of the code are consistent ...