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EU banks can sell off sour loans under lawmaker deal

( January 14, 2021, 11:41 GMT | Official Statement) -- MLex Summary: EU banks would be able to sell off sour loans to buyers such as investment funds under proposals agreed by the bloc's lawmakers today. Members of the European Parliament's Economic and Monetary Affairs committee voted to give borrowers consistent safeguards, such as the right to accurate information before debt collection proceeds, and protection from harassment.Statement from European Parliament follows. Statement from lawmaker Markus Ferber attached. ...

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