Regulator sets out its consumer credit priorities
Almost a fifth of all firms granted interim consumer credit permissions are IFAs, according to Financial Conduct Authority (FCA) figures.
Mortgage approvals have remained broadly stable in July but are far below the levels seen in 2007, according to the British Bankers Association (BBA),
Mortgage approvals have hit a new low, dropping 67% over the past twelve months, according to figures from the British Bankers Association (BBA).
The number of new mortgage approvals for house purchase has fallen to a record low, according to the Bank of England.
Mortgage lending for house purchases dropped a further 20% in May to reach a record low, according to the British Bankers Association (BBA).
The number of mortgages approved for house purchase fell by 11% in March, according to the latest figures from the Bank of England.
The House of Lords European Union (EU) Select Committee has criticised European Commission proposals to harmonise consumer credit legislation across the EU.
The Financial Services Authority (FSA) and the Office of Fair Trading (OFT) aim to reduce administrative burdens on firms through a joint Action Plan to be published by the end of April.