FSA must get tough on Mortgage Providers
07 July 2009
| As the Treasury Select Committee prepares to question the Financial Services Authority on mortgage arrears and access to mortgage finance, Which? Urge the FSA to name and shame lenders in a bid to improve practice |
| Which? principal policy adviser, Dominic Lindley, says: “Despite lenders pledging sympathy with their mortgage customers, many are hitting people in arrears with seemingly excessive charges. Surely it can’t be right to profit from those in financial difficulty. “It’s extraordinary that the FSA refuses to name the lenders that it says are treating customers unfairly; it’s effectively protecting the commercial interests of companies trying to evict people from their homes. How will lenders be persuaded to improve their practices unless the FSA names and shames them?” |
