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News

Over 40% of 18-24-year olds willing to act as “Money Mules”  – new FraudSMART survey

10th April 2019

An Garda Síochána in association with FraudSMART, a fraud awareness initiative led by the Banking & Payments Federation Ireland (BPFI), are advising consumers, particularly young adults, to be alert to the risks and consequences of recruitment as “money mules”. The warning comes as a new survey commissioned by BPFI as part of its FraudSMART campaign for 2019 shows strong evidence of money mule activity among young people in Ireland.

Mortgage Approvals: Uplift very evident in February

28th March 2019

Banking & Payments Federation Ireland (BPFI) has published the latest figures from the  BPFI Mortgage Approvals Report for February 2019.

The following are the key elements:

  • A total of 3,364 mortgages were approved in February – some  1,693 (50.3% of total volume) were for first-time buyers (FTBs) while mover purchasers accounted for 931 (27.7%).
  • The number of mortgages approved rose by 10.8% month-on-month and by 7.2% year-on-year.
  • Mortgages approved in February 2019 were valued at €757 million – of which FTBs accounted for €391 million (51.6%) and €233 million (30.8%) by mover purchasers.
  • The value of mortgage approvals rose by 12.7% month-on-month and by 9.6% year-on-year.
BPFI Housing Market Monitor highlights decline in cash sales and increased competition for home purchase from non-household sector

6th March 2019

Banking & Payments Federation Ireland (BPFI) today published the BPFI Housing Market Monitor for Q4 2018. In his commentary accompanying the monitor, BPFI’s Chief Economist, Dr Ali Uğur, notes that, while housing supply is improving, household buyers are facing increasing competition from the non-household sector particularly for newly built homes.

BPFI host Conference on Culture, Ethics and Compliance

5th March 2019

Banking & Payments Federation Ireland (BPFI) today held its inaugural banking culture conference, Anchoring Good Culture, Ethics and Compliance in Banking, in the Marker Hotel, Dublin. Following on from the establishment of the Irish Banking Culture Board and the publication of the Central Bank Behaviour and Culture report, the half day conference focused on what banks need to do and are actually doing to develop and embed a better customer-focused culture in their operations.