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Fidesz MPs to establish bodies to review consumer protection at banks, utilities

MPs of the governing party will establish bodies on Monday to review banks' and utilities companies' consumer policies over the past six months, Fidesz parliamentary group leader János Lazar said after a meeting of party leaders of the governing Fidesz-KDNP alliance on Friday.

The bodies will investigate which banks and utilities companies wanted to or did swindle clients and how they did it, Lázár said. If necessary, the government will take steps, he added.

Earlier in the day, financial market watchdog PSzÁF said in a report that it could not identify manifest price increases among providers of retail financial services.

Answering a question, Lázár said the moratorium on evictions would have to be kept in place if another solution could not be found by April 15. Speaking his personal opinion, Lázár said a global moratorium on evictions could encourage non-payment among borrowers who have the means to pay, but it was wrong to remove from their homes borrowers who have fallen on hard times.

A moratorium on evictions by lenders introduced by Hungary's previous government last winter is set to end on April 15, 2011. The moratorium has been extended several times before. Some experts say the end of the moratorium could affect as many as 100,000 properties. (MTI-Econews)