New trade body for short-term lenders

Members of the short-term lending market have formed a new trade association. The Association of Short-Term Lenders (ASTL) aims to make up for shortfalls in regulation of the industry by regularly putting together data on the sector as well as introducing and monitoring a code of conduct for institutions providing bridging loans. An executive committee, comprising the firms Affirmative,, Cheval, Excel Masthaven and Mathon, has been formed. It will be followed by a compliance co

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