Watchdog Gets Tough On Lenders ; the City Watchdog has Warned Mortgage Lenders to Treat Customers in Arrears Fairly or Face Action From the Regulator.

Summary


The City watchdog has warned mortgage lenders to treat customers in arrears fairly or face action from the regulator.

The Financial Services Authority has written to the chief executives of all mortgage lenders, saying they should comply by January 31 next year.

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Extract


Watchdog Gets Tough On Lenders ; the City Watchdog has Warned Mortgage Lenders to Treat Customers in Arrears Fairly or Face Action From the Regulator.

Its recent rev...

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