Greece Targets Loan Servicers with New Task Force Following Surge in Borrower Complaints

Responding to a sharp increase in borrower grievances, Greece has launched a special task force to crack down on loan servicers managing tens of billions of euros in household and business debt. The five-member working group, operating under the General Secretariat for Private Debt Management, is tasked with investigating allegations of misconduct, transparency failures, and harassment.  The intensive oversight comes as these financial firms now manage over 92 billion euros in loans for more ...

By ANTHEE CARASSAVA