The Financial Services Consumer Panel (FSPC) is calling on the Financial Services Authority (FSA) to do more to protect Britain’s “mortgage prisoners”. The Panel, which oversees the interests of consumers in financial services regulation, believes many homeowners are trapped in existing mortgage deals because they have low levels of equity in their homes; are in [...]
Financial Services Consumer Panel
Call for protection for “mortgage prisoners”
The Financial Services Consumer Panel (FSPC) is calling on the Financial Services Authority (FSA) to do more to protect Britain’s “mortgage prisoners”. The Panel, which oversees the interests of consumers in financial services regulation, believes many homeowners are trapped in existing mortgage deals because they have low levels of equity in their homes; are in [...]
Consumer panel comments on Mortgage Market Review
The body that puts forward the consumer’s point of view in the regulation of financial services has outlined six points to be taken into account by the Financial Services Authority in its Mortgage Market Review (MMR). The Review is aimed at correcting some of the mortgage lending practices that contributed to the financial crisis, and [...]
