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Written by By MoneyMarket Staff (Madrid)    Friday, 01 January 2010 00:33    PDF Print E-mail
Consumers demand mortgage refunds from Caixa Catalunya

Narcis Serra, President of Caixa Catalunya Narcis Serra, President of Caixa Catalunya

Scores of consumers gathered outside the headquarters of Spain’s Caixa Catalunya in Barcelona recently, demanding refunds for overcharges related to variable mortgage loans.

 

On November 26th in the Plaza Antoni Maura, Barcelona, consumers demanded Caixa Catalunya President Narcís Serra adhere to the ruling by the Supreme Court of July 28, 2009 condemning it to refund overcharges, plus interest, for the practice of rounding off on variable-interest mortgages.

 

However, according to Ausbanc, Caixa Catalunya has reserved the right to act when it is ready – and not before.

 

During the gathering, Ausbanc President Luis Pineda reproached Caixa Catalunya and its attitude "of contempt" toward the more than 150,000 families that are awaiting it to execute the sentence of the Supreme Court.

 

Set against this "negligent" position, Pineda asked those present to close all accounts and withdraw savings from the company, while it decides to deal with the ruling.

 

Moreover, he stressed that Ausbanc will not spare any effort in pressing for the refund of monies overcharged by Caixa Catalunya to its clients and noted that: “This time we have made our demands outside their doors – next time, we will do it inside,” he said.

 

As well as consumers, business delegates were also present.  The Secretary of the consumer collective for the Sant Pere of Barcelona neighbourhood, Pere Núñez I Blasco, joined the demonstration to protest against the bank’s refusal to renew polices and personal loans – a policy which has forced a large number of small and medium businesses to close.

 

Others were present in support of Ausbanc and consumers hit by the closure of Forum and Afinsa.  During his speech, Ausbanc’s president also called on financial concerns and public opinion to back the rights of banking consumers and for a just solution to those affected by the closure of Forum and Afinsa as well as other financial injustices.

 

By MoneyMarket Staff (Madrid)
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