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payday lenders

Payday Lenders Slammed by Financial Conduct Authority

Payday Lenders Have New Restrictions Imposed By The FCA Over 50,000 consumer credit firms including payday lenders, door-step, loan sharks and logbook lenders have all had time called on them by Financial Conduct Authority (FCA). Included in the 50,000 consumer credit firms are the high street bank lenders and credit card providers. Some providers are […]

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Mortgage lenders to test borrower’s affordability for home loans

The Financial Services Authority (FSA) has released their mortgage market review discussion paper and they have outlined their proposal for tougher regulations. It is evident that they will be more authoritarian and intrusive in the way they regulate the mortgage industry in future. The FSA want to control the industry as they believe the industry […]

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FSA reports a 31% surge in Mortgage Arrears

According to a recently published article by the Financial Services Authority (FSA) on the latest mortgage lending statistic they reported a sharp surge in mortgage arrears. With borrowers continuing to struggle to clear their mortgage arrears, the numbers of arrears have been progressively increasing since the beginning of 2007. By the end of 2008 there […]

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Payment Premium Insurance (PPI) to be axed by the big banks

The Financial services Authority (FSA) has fined banks and lenders for the mis-selling of Payment Premium Insurance (PPI) and for failing to treat their customers fairly. Payment Protection Insurance cover (PPI) is sold to borrowers to cover them against the risk that they may not be able to pay their monthly payment on a credit […]

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Homeowners 2-year Mortgage holiday debt nightmare?

Gordon Brown could not wait to upstage the Queens’ Speech by releasing his governments’ latest initiative to the MPs in the House of Commons. He announced that mortgage borrowers who suffered from a drop in income would be able to defer their mortgage interest payments for up to two years. This initiative was agreed by […]

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