Thursday 19 October 2017

Shameful selling of useless insurance

Another revelation from the Irish banking system.

Today we report that tens of thousands are now in line for compensation of as much as €3,000 each for being sold deeply-flawed products. The flawed products were insurance protection for loans from which they were ineligible to claim.

It is a story of sharp practice and disregard for customers from credit institutions in the recent past. Normally, we would give three resounding cheers for a wrong being righted and wish good luck to those who are to be compensated.

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