The Financial Services Authority has warned building societies to further restrain mortgage lending and limit the size of mortgage deals. The move is intended to prevent borrowers from saddling themselves with debt which, while affordable today, could become unsustainable if interest rates were to rise.
Posts Tagged ‘Experian’
FSA tightens up on Building Society mortgage deals
Tuesday, March 30th, 2010Government to create new financial planning education body
Wednesday, December 16th, 2009The government is to emphasise the need for financial education with the creation of a new body with a specific brief to educate consumers about financial planning.
The creation of the Consumer Financial Education Body (CFEB) was announced in the Financial Services Bill now before parliament and will be staffed by 160 staff drawn mainly from the Financial Capability Division of the Financial Services Authority (FSA).
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