Jobbik calls for more efficient help to forex borrowers

Budapest, August 3 (MTI) – The government should take “more courageous, more powerful” action to help holders of loans denominated in a foreign currency, a leader of the radical nationalist Jobbik party told public news channel M1 on Monday.

Deputy group leader Daniel Z Karpat said that in the case of forex car loans the exchange rate at the time of taking out the loan should be applied rather than a later, worse rate, as proposed by the government.

All debtors should repay what they owe “but not a forint more”, Z Karpat insisted.

The deputy also suggested that as much as 70 percent of all car loans could have been miscalculated, and could be appealed against in court. Jobbik calls for an overall review, and proposes that banks that have made mistakes in their contracts should contribute to a compensation fund, Z Karpat added.

Source: http://mtva.hu/hu/hungary-matters