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FLA not in favour of regulatory change

In response to the Association of Finance Brokers White Paper on the regulation of secured loans, the Finance and Leasing Association has called for the industry not to focus on any regulatory change in the current climate.

The AFB paper sets out the regulatory options for the industry, which include staying under Office of Fair Trading and Consumer Credit Act control, or accepting full Financial Services Authority regulation.

Fiona Hoyle, head of consumer finance at the Finance & Leasing Association thinks any change is unnecessary.

She says: “The second mortgage market is already regulated by a comprehensive statutory regime, delivering real consumer protection. In the current economic climate, the focus should be on providing practical assistance to customers in financial difficulties via industry best practice, an approach firmly supported by government.”


Fees glorious fees

Yesterday I spent most of the day at the Royal Bank of Scotland Roadshow in London where among the speakers were Grenville Turner, group chief executive of Countrywide and Phil Spencer of Location, Location,
Location fame.

IMLA calls for action from BoE

The Intermediary Mortgage Lenders Association is calling on Bank of England governor Mervyn King to urgently address the lack of mortgage finance and boost investor confidence.

Firms told to prioritise technology

A case management firm is encouraging brokers, packagers and lenders to put technology at the heart of their businesses.

Health services

Challenges and opportunities

By Sarah Scott, marketing consultant On 22 February this year the charity Diabetes UK launched a fundraising initiative, #Swim22. They challenged individuals to swim 22 miles over the course of 89 days – a distance that equates to the width of the English Channel. Because of the time period the challenge is spread over, it […]


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