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I’ve received disturbing reports from multiple borrowers who were coerced into signing NDAs after banks excessively overcharged them on mortgage interest rates.
So we now have victims of systemic banking fraud being silenced to protect the perpetrators. Banks are simply exploiting power imbalances by pressuring vulnerable customers with threats of litigation or unlawful debt collection unless they sign gag orders in exchange for “partial refunds”.
These NDAs, often buried in settlement agreements, aim to conceal overcharging that has cost Irish households billions, as seen in the wholly inadequate tracker mortgage examination.
Courts deem such clauses unenforceable when they hide fraud, per public policy and contract law principles like unconscionability.
NDAs cannot legitimize criminal concealment - ongoing redress hunts reveal persistent misconduct - yet banks are pushing NDAs to evade scrutiny.
Borrowers are reporting concerns to the Central Bank with no immediate action being taken.
Ultimately, banks cannot buy your silence on their fraud.
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