The Financial Conduct Authority (FCA) wants to clarify its rules on payment shortfalls after it detected some lenders were not behaving in the way the Mortgage Market Review (MMR) intended.
The regulator wants to ensure fees from payment shortfalls are used to pay off debt balances rather than interest or charges. A payment shortfall is the outstanding amount measured against the amount...
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After strategic review
As annual profits almost double
Industry Voice: One of the most serious problems with GDP is that it fails to measure the impact of economic growth on the planet's finite environmental resources. As economist Kenneth Boulding once put it: "Anyone who believes that exponential growth...