Banks mislead customers to believe that their insurance is mandatory.

511 According to the College of Mediators, this practice happens in 75% of the occasions and the product they sell is more expensive by almost 80% Two out of three loan applicants believe that they are obliged to contract insurance with the bank, something that is not actually legal, as denounced on Tuesday by the General Council of Colleges of Mediators,a group of 7,000 professionals in the sector