Banking
‘Retired’ master of High Court urges Central Bank to protect borrowers in home repossession cases
Edmund Honohan accused some credit servicing firms of ‘falsely’ representing themselves as owner of home loans to secure repossession orders from courts
The retired master of the High Court has accused some credit servicing firms of “falsely” representing themselves as the owner of home loans in order to secure repossession orders from the courts.
Edmund Honohan has also called on the Central Bank to step up its enforcement activity on credit servicing companies, ahead of the introduction of new EU rules which he said will tip the scales away from lenders and towards borrowers.
Honohan – who ...