Because we pay interest, we should have the right to question and dispute any findings. Why is there always a collective response by the banks when interest rates increase? They follow each other. If one goes against general trends, it's not long before the others join them. All I'm saying is there should be stronger say, protection and rights for the consumer.
Of course you can always leave your lender. Just pay the exit fees, forfeit any other costs and time wasted and close the door on your way out. It's business.
In my case? Whether there is collusion? The jury is still out as to what is going on.
Why is "Because you pay interest" an acceptable reason? Say I built a 500K house that was only valued at 400K, just so long as I pay interest it's okay.
What about the behind the scenes risk to the shareholders and deposit holders of the banks. What your talking about is irresponsible lending.
I very much doubt its collusion but hey good luck with trying to prove it.