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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