Vulture funds debate: Let’s shoo them away before we get picked clean
The code of conduct is a busted flush. It regulates conduct in terms of how banks engage with customers. It does not offer any solutions, nor are lenders required to offer any solutions
Picture going for a dip in a swimming pool. You are enjoying the swim but get into trouble. You have done nothing wrong. You are terrified; you paddle around gasping for air. Bobbing around. Arms waving looking for help. Screaming, using all your effort to get help, to save yourself.
Mortgage arrears and being in debt is similar. You went about your business, like tens of thousands did. Banks screwed up the country. ...
