View more on these topics

Regulator on brink of being branded a world-class waster

I’m sure that when the new Conservative government does a post-mortem on the effect of the FSA it will find it to be one of the biggest and most useless wastes of money in history.

The truth is that consumers are no better protected than they used to be and it’s up to lenders to inform the police if wrongdoing is suspected.
It’s laughable when the FSA says that it has caught another baddie.

A blind detective with half a brain could catch those who are sanctioned by the regulator. And who authorised them in the first place? Oh yes, the FSA.

NAME AND ADDRESS SUPPLIED

Recommended

your shout

The best of the comments from Mortgage Strategy online

MILES SHIPSIDE:  INCREASE IS NOT SUSTAINABLE

Property shortage boosts asking prices but experts say it won’t last

Optimistic sellers boosted asking prices by more than £7,000 during the past month, but experts say this jump is unsustainable. According to Rightmove’s latest index, asking prices went up 3.2% in the past month, the highest rise in the measure since April 2007. The average asking price now stands at £229,398 compared with £222,261 in […]

Lifetime Isa – how it works

According to George Osborne “people like Isas – because they’re simple”. Fiona Tait is not convinced… Contributions & bonuses What he said: “From April 2017, anyone under the age of 40 will be able to open a Lifetime Isa and save up to £4,000 each year. And for every £4 you save, the Government will […]

Newsletter

News and expert analysis straight to your inbox

Sign up