Robert Sinclair

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Opinion: We must stand firm as one industry

The industry must use the next four months to tell the FCA not to intervene as existing processes protect customers. I am returning to the subject of the FCA’s Mortgages Market Study once again this month as I consider this to be the most important issue that has faced me since joining the trade body […]

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Opinion: The market is impelled to change

Firms are already moving forward on the issues noted in the FCA’s Mortgages Market Study – so are the proposed interventions required? Following my article last month on the significant work undertaken by the FCA that is set out in their Mortgages Market Study Interim Report, it is important that I return to the same […]

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Opinion: FCA paper needs broth, not froth

Recent papers from the body have lacked clarity and punch, and failed to acknowledge the difference between short- and long-term products It has long been our position to be supportive of the FCA, but always constructively critical where we think it does not fully understand the market or is being impelled by others in the […]

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FCA consumer credit review sorely needed: Robert Sinclair

Affordability standards required of mortgage lenders are not being applied to personal and car loans, PCP and credit cards Following various high-profile warnings over rising consumer debt, the FCA says it will review the sector. This covers credit cards, personal and unsecured loans, and car finance. Latest figures from the Bank of England show that, […]