FSA close to action for endowment mortgage mis-selling cases
The Financial Services Authority is close to launching action against financial services companies that have failed to deal effectively with endowment mortgage mis-selling cases.
The Financial Services Authority is close to launching action against financial services companies that have failed to deal effectively with endowment mortgage mis-selling cases.
Financial Services Authority chairman Callum McCarthy has attacked the banking industry, claiming there is evidence of irresponsible behaviour towards customers. The FSA, he says, has dished out fines and compensation requests of more than &£255m over the past year, and suggests the corresponding damage to brands is even greater. Speaking to the British Bankers Association, […]
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