Royal Bank of Scotland (RBS) and Barclays are being investigated by the Office of Fair Trading (OFT) because of possible price-fixing.
The National Association of Sale and Rent Back (NASARB) has welcomed the Budget announcement that the industry is to be investigated by the Office of Fair Trading.
JOHN McFALL, CHAIRMAN of the influential Commons Treasury select committee, has joined critics of the FSA's "light-touch" regime for overseas investment funds, according to the FT.
The British Bankers Association has hit back at the Office of Fair Trading's decision to refer payment protection insurance sales to the Competition Commission.
The Office of Fair Trading has referred the payment protection insurance market, including mortgage PPI, to the Competition Commission for further investigation following its consultation with businesses, consumer organisations and trade associations....
The majority of mortgage intermediaries offer payment protection policies from more than one provider, according to the last census from the Association of Mortgage Intermediaries.
The Office of Fair Trading has warned companies selling insolvency agreements to over-indebted consumers not to use misleading advertising to attract new business, says the Financial Times .
Banks have begun a desperate attempt to replace billions of pounds of revenue they expect to lose next year under a regulatory crackdown, according to the Independent .
The Association of Mortgage Intermediaries is calling for mortgage payment protection insurance to be excluded from the proposed PPI referral to the Competition Commission.
The Office of Fair Trading recently announced it is referring the payment protection insurance market to the Competition Commission, but some advisers and providers have raised doubts about whether such a move is appropriate.