Sector Regulation Sector Regulation

EU banks should be able to sell sour mortgages to credit servicers, lawmakers say

By Jack Schickler
  • 27 Jan 2020 11:18
  • 27 Jan 2020 11:18

Personal loans, including mortgages, should be included in EU plans for secondary debt markets, two leading lawmakers have said as the European Parliament discusses plans to help banks offload sour loans. 

Sales of bad debt from banks to credit servicers shouldn't come at the expense of consumers, the lawmakers said, but

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