This year could be "the year of regulation and enforcement" Michael Coogan, director general of the Council of Mortgage Lenders (CML), has warned.
Speaking to a packed room at the Mortgages Plc launch of its On-Demand online decision in principle platform, Coogan said while the Financial Services Authority (FSA) wanted to help intermediary firms comply with regulations, where it had already helped firms and found offers of help had not been taken up this would lead to enforcement action. Coogan said: “Two things key things I would emphasise are the FSA want to help you and it is important we know what its expectations are and one of the key challenges for the industry is we know what the regulator expects and the regulator knows what...
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