-Rabobank advised by financial authority to charge for mortgage advice.
Global Banking News - 15 February 2013
Dutch lender, Rabobank, has agreed under pressure from the financial services authority, to charge customers for mortgage advice even if they do not buy a product.
Earlier this year, banks had been banned from charging commissions and instead were asked to levy fees on clients. Rabobank had stated that it would charge only those customers who bought its products.
The financial regulator however ordered the bank to charge fees on advice, irrespective of the sale of a mortgage to the customer.
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