According to a new survey, banks are breaking consumer protection laws by monitoring account transactions and using the information to sell products, The Irish Times reports. The Professional Insurance Brokers' Association (PIBA), which released the survey this week, recently met with the data protection commissioner to discuss the matter. "These are illegal practices. The banks are flagrantly violating consumer protection laws and pressurizing consumers who feel they have little choice because their credit facilities could be curtailed or withdrawn," said PIBA's chief executive.
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