FSA plans to get tough over December TCF deadline

Regulatory News

LONDON - Since the subprime crisis hit both the US and the UK, the volume of mortgage fraud and other issues such as mis-selling practices and fraudulent appraisals has been rising steadily up the financial services industry's radar. The US is riding on a tide of subprime-related litigation and the UK is on the cusp of a similar outbreak. As a result, UK firms are under even greater scrutiny from the regulator to ensure they are up to date with Treating Customer Fairly (TCF) practices. And in

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