Thursday, 9 August 2012

FSA rules against retained interest fees charged on bridging finance

The Financial Services Authority (FSA) has ruled that bridging finance companies will have to stop charging customers retained interest fees, in a move that is likely to further boost the level of consumer trust in the industry. A spokesperson for the FSA stated, "We have written to regulated bridging lenders because we are concerned that [...]

http://belgraviacommercial.co.uk/fsa-rules-against-retained-interest-fees-charged-on-bridging-finance/

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