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.