Banking
Central Bank starts engagement after UK claims of car loan mis-selling
The regulator said it will engage with Irish lenders to ensure they have not breached consumer protection rules here
Close Brothers, one of the largest providers of car finance loans in the Irish market, is being investigated by the British financial regulators over claims that banks mis-sold motor finance loans for over a decade.
The Central Bank of Ireland has said it is “aware” of the Financial Conduct Authority’s (FCA) investigation in Britain, and that it will now “engage” with Irish lenders to ensure they have not breached similar consumer protection rules here.
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