Recent regulatory developments of interest to financial institutions with focus on consumer finance. See also our Related Materials links for updates with broader application.
The Financial Conduct Authority (FCA) has published the terms of reference for its mortgage prisoners review. Working closely with HM Treasury, and engaging with interested stakeholders, the FCA states that it will provide information on the following areas:
The FCA plans to carry out the data review and analysis between July and October 2021. It will engage with stakeholders in July and August 2021. It will report to HM Treasury on the outcome of the review and it will be laid before Parliament by the end of November 2021.
Authored by Yvonne Clapham
Download the full bulletin of regulatory news for financial institutions, 2 August 2021
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