English banks spying on profligate mortgage holders

  • 12 years ago
http://www.nma.tv Banks in England have admitted monitoring the spending habits of their mortgage holders. Through secret credit checks, banks targeted customers who may be at risk of default if interest rates rise. They are advising consumers to cut spending and prioritize their mortgage... before it's too late. The banks argue the program is working. But critics say it is a breach of trust and humiliating for consumers. Who will scold the banks for their own greedy and irresponsible behaviors?