Fair Trade Commission orders re-examination of 'four major banks' LTV collusion'...The result is likely to be pushed back to next year.

The Fair Trade Commission's announcement of the results of sanctions against the nation's four largest banks for suspected mortgage loan ratio fixing, which was expected as early as next week, has been delayed.

The Fair Trade Commission said it has decided to re-examine the case on the 20th regarding "unfair joint actions of four commercial banks."

The FTC said it was for further confirmation of the facts and that the examiner would re-offer the agenda to the committee as soon as possible after confirming the additional facts.

It is interpreted as the intention to carefully judge as it is the first application of "information exchange collusion," which was newly established after the revision of the Fair Trade Act in 2020.

As the committee decided to confirm the facts further, it is predicted that the final sanctions could be pushed back to next year.

The decision by FTC members is interpreted as a way to consider the details even if it takes some time.

The FTC's office, which serves as a prosecutor, found that the four major banks had shared as many as 7,500 LTV data and then adjusted it to a similar level, restricting market competition, resulting in unfair gains and infringing on the interests of financial consumers.

Banks, on the other hand, argue that it is simply an exchange of information, not collusion, and that there was no unfair advantage from banks.