Regulatory Alerts2016-10-18
Added · Updated
GC16/6: Open consultation on the fair treatment of mortgage customers in payment shortfall
The Financial Conduct Authority issued consultation paper GC16/6 to review the fair treatment of mortgage customers experiencing payment shortfalls. The document outlines proposed changes to regulatory guidance aimed at ensuring lenders handle vulnerable borrowers appropriately during financial difficulties. This consultation sought stakeholder feedback on the proposed measures before finalizing the updated guidance in April 2017.
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