For years Banks have gotten away with:
A. Charging excessive interest rates on Residential Mortgages.
B. Charging outrages commitment fees on same.
C. Directing customers to use certain lawyers for legal work on the mortgages.
D. Having customers tied to using the banks approved appraisers for stage inspections.
E. Working in collusion with insurance companies/agents to gouge customers for life and property insurances.
F. Accruing late fees and interest on loans that have been designated non-current or non-productive, jacking up balances on mortgages that make it virtually impossible for borrowers to ever become current in their arrangements.
G. Repossessing, and selling off the properties of customers for substantially less than fair market value, and then going after the customer for balances left as a result of the sale, which were largely created by aforesaid late fees/interest.
I know that this bill will not address the entire scope of the lending process, but just getting these matters heard in court will greatly improve the rights of borrowers, and make the Banks' more accountable for their actions/policies.
Just my opinion.

Fantastic. It took two months for them to come up with these pearls of wisdom.
Same old excuses; same old B/S promises.
Better buy your generators now, because if, by some Act of God, Bahamar does actually open, the residential consumers will sit in the dark while BPL keeps their power on.
"Its gonna be a long, long, hot summer, for my people, if they a'int careful".

He is the Minister for State in Finance, while Perry is the Minister of Finance. Halkitis is no fool but he is the puppet and Perry is pulling the strings. He has been set up to take the fall for what is obviously a gross cover up of financial imprudence.

I have to wonder from where Mr. Scott obtained his political qualifications. Oh, sorry, thats right, lawyers are automatically political geniuses.

Congrats to both of them, and best wishes for a happy life together.

Once again the Tribune has opted to give press coverage to this political has been, who was proven to be the beneficiary of drug proceeds by a "Commission of Inquiry". He is now a political genius from whom we can benefit by his ramblings. Get real. You could be better served by listening to the political opinions of the man on the street. Stop printing his drivel.

No need to worry about terrorists obtaining Bahamian passports; Bahamians have trouble getting them.

I think Commissioner Greenslade should revoke the ministers permit to carry a handgun. It is obvious the he is not playing with a full deck.

He always was, and always will be a useless politician, looking out for his own personal interests. His legacy will be that he "Haitianized Abaco" and created a wonderful residential area know as the "Mud", in order to staff his farming operations. What a Joke. Good riddance.

Apart from being a car salesman, and you know what is said about those, now Mr. Albury is a financial analyst, capable of generating financial solutions to the country' economical woes. Of course it would be better for his business if the public paid more VAT and he paid no business license fees. What a dumb a-s proposal.