Posts Tagged ‘FCA’
CML responds to FCA announcement
The Council of Mortgage Lenders (CML) this week responded to the FCA’s announcement of a consultation on a potential framework for remediation to address past arrears calculation methodology problems. To read the news release from the CML in full click here Paul Smee, CML director general, says: “Those lenders who used the arrears calculation methodology…
Read MoreFCA Responsible Lending Review
In their recent press release Finanacial Conduct Authority (FCA) reviews find mortgage firms lending responsibly but scope for improvement on competition. Firms have positively applied the responsible lending requirements, which came into force as part of the Mortgage Market Review (MMR); however, there is scope for improving consumers’ ability to make better choices about mortgage…
Read MoreChief Executive of FCA resigns
The head of the Financial Conduct Authority Martin Wheatley has resigned as chief executive with effect from September 12, this comes on the back of him reportedly learning that his appointment to the FCA Board would not be renewed by the Treasury, it is a requirement to be a member of the board to hold…
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