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CA calls for national financial advice network

The Consumers&#39 Association has welcomed new proposals on consumer credit by the Department of Trade and Industry, but warns that consumers in the red will face further misery if the government does not prioritise debt advice.

Mick McAteer, senior policy adviser, says: “With personal debt at record levels we are pleased to see proposals to improve credit laws.

“The most pressing task for the government is to establish a system of affordable financial advice to help consumers reduce their debt. A National Financial Advice Network would help to give consumers advice and help on a range of issues including debt.”


Time for Labour to consider regulating mortgage credit

There is a real danger that, for the third time in a generation, the housing market will complete a full cycle of boom and bust. Little appears to have been learnt from the past. As in the bubble of the 1980s, the orthodox view is that there is little the government can or should do […]

Anti-regulation lobby appeals to MEPs

The European Mortgage Federation is lobbying potential allies in a bid to block European Commission plans for regulating mortgages. The body, which counts the UK Council of Mortgage Lenders as a member, is seeking support from members of the European Parliament in the hope that mortgage loans will be removed from the proposed Consumer Credit […]

CML names HSBC boss as new chairman

The CML has confirmed Clive Wood, head of banking and mortgages at HSBC Bank, as its new chairman. Tony Ward, managing director of Britannic Money, continues as deputy chairman. Wood joined HSBC in 1977. He was seconded to IMRO in 1986, and on his return to HSBC worked in investment banking compliance. In 1991 he […]

Genesis polishes up Gemstones range

The Gemstones sub-prime range from correspondent lender Genesis Home Loans has been revamped for the new year. Changes have been made across the range, with improvements to the loadings above SVR, increases in the level of CCJs and arrears, and shortened timescales in which these are allowed by the lender. In addition, the discount rate […]


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