Tag: bank fees
Parliament votes to take on banks over fees and fairness
(CNS): Financial Services Minister André Ebanks has said the Cayman Islands Monetary Authority will be reviewing the fees retail banks are charging local customers and already has plans to amend the Registered Land Act to make it harder for them to foreclose on homeowners. Accepting a private member’s motion brought by the opposition leader last […]
Progressives call for UPM to take on banks
(CNS): Opposition Leader Roy McTaggart is calling on the UPM government to make Cayman’s high street banks implement a mandatory, modern code of practice, amend the Registered Land Act to enforce mortgage-type security over real estate, and ask CIMA to review the fairness of fees charged and interest rates paid on deposits. After years of […]
