The Spanish Competition Authority receives complaints involving the terms of the national bank’s COVID-19 loans (ICO)

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Spanish Competition Authority, ICO, Press release, 28 December 2020

The CNMC receives new complaints involving the terms of ICO COVID loans* It is continuing its investigation into various financial institutions to determine whether they engaged in unfair actions when granting ICO loans.The actions it is analysing include the cross-selling of products (insurance, alarms, televisions), the restructuring of existing financial products, and the payment of upfront costs as a

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