MPs concerned over changes to regulations on mortgages

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MPs concerned over changes to regulations on...
 © CyprusMail 2017
 

Lawmakers on Monday raised a number of concerns over a bill designed to transpose into domestic law EU-wide rules on mortgages and which introduces credit intermediaries.

Among other provisions, the bill sets out rules on what information mortgage advertising must contain, and mandates that non-banking institutions provide consumers a calculation of the annual percentage rate for comparison purposes.

But discussing the item at the House finance committee, some MPs suggested the bill as it stands does not afford consumers adequate protection.

Deputy Anna Theologou,...


MPs concerned over changes to regulations on mortgages


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