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Bank of Spain fines CaixaBank, BBVA for infringing mortgage rules

Dec 31, 2018 - SNL European Financials Daily

The Bank of Spain said it fined both CaixaBank SA and Banco Bilbao Vizcaya Argentaria SA for infringing rules concerning the sale of mortgages.

The regulator said it had fined CaixaBank 3.6 million for a "very serious infringement" with regards to the rules on early mortgage repayments and a further 1.2 million for a "serious infringement" in providing precontractual and contractual information and the way in which it had calculated interest rates.

BBVA was fined a total of 2.7 mi...