Spanish Bank Under Fire for Illegal Mortgage Insurance Practices

Spanish Bank Accused of Illegal Tied Selling in Mortgage Case A lawyer in Spain has accused Cajasur, a major Spanish bank, of engaging in illegal tied selling practices related to mortgages. The lawyer, who remains unnamed for privacy reasons, presented evidence showing a client was forced to purchase insurance as a condition for obtaining a mortgage. Cajasur's response, according to the lawyer, confirmed the insurance was a mandatory requirement, not an optional extra as initially presented. "They claimed it was a combined sale, but their own communication proves it was a mandatory linked sale," the lawyer stated. This case underscores concerns about predatory lending practices and the need for stronger consumer protections. Regulators are being urged to investigate the matter and take appropriate action to prevent similar incidents in the future. The lawyer's video, which includes screenshots of the communication between the bank and the client, has gone viral, highlighting the increasing public awareness of such practices.