House strikes down debtors’ rights bill
After a fiery debate in the House of Representatives on Thursday, showcasing vastly divergent ideas about the relationship between debtors and banks, the plenum voted down two bills which the ...
Foreclosures to be addressed with permanent solutions president says
Permanent solutions are expected to tackle the issue of foreclosures, President Nikos Christodoulides said on Sunday.
He explained that occasional initiatives and proposals make the situation even more difficult instead ...
Group calls for protection of borrowers as finance minister meets with bank association
The ‘Movement Against Foreclosures’ on Tuesday expressed its disappointment at the outcome of the House finance committee the previous day, requesting the protection of borrowers within a specific framework.
Deputies ...
Ombudsman mediates to suspend auction of primary home
Financial ombudsman Pavlos Ioannou has intervened to suspend the foreclosure of the primary home of a woman who has her adult son with multiple sclerosis (MS) under her care.
The ...