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CML reveals intermediaries uneasy about regulation

Three quarters of the 200 delegates at Council of Mortgage Lenders conference last week do not believe rules proposed by the Treasury on regulation will produce a sensible, cost-effective structure.

The poll also revealed 51 per cent of lenders and intermediaries present thought the rules will help consumers make better choices, while 49 per cent disagreed.

CML director general Michael Coogan says: “The poll shows that, despite the improvements to the proposed regulatory structure announced by the Treasury in December, there is still considerable unease among lenders and intermediaries about the possible outcome.”

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