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Consumer panel adds two new members

The FSA has appointed two new members to the Financial Services Consumer Panel. Citizens Advice generalist adviser Carol Stewart joined the panel June 1 and Mail on Sunday journalist Tony Hetherington joins January 1 2005. FSA chairman Callum McCarthy welcomed the two new members and said the panel will continue to act as a strong, independent consumer voice.

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Lenders unsure of electronic reporting requirements

Lenders are unsure of what they will be asked to do to comply with electronic reporting requirements according to Focus Solutions. Focus&#39 s latest survey shows that 88 per cent of lenders feel their organisations are ready for mortgage regulation but when it came to mandatory electronic reporting 58 per cent of the respondents thought […]

ABI says rise not generous enough

The ABI says the Government has not been generous enough in raising the price cap to 1.5 per cent though it describes the move as a step in the right direction. ABI director general Mary Francis says: “The decision is a step in the right direction. The Government has recognised that the one per cent […]

Bank of England warns of property crash

Bank of England governor Mervyn King has warned Britons buying a home to be wary of a possible housing market crash. Speaking to the Scottish CBI King said the rise in house prices over the past five years had taken the ratio of house prices to earnings to new record levels, unsustainable in the long-term. […]

MPs told that shock rise in rates is needed to stop property spiral

Leading economist Roger Bootle has told MPs that the Bank of England monetary policy committee needs to shock housebuyers by raising interest rates. Speaking at the Treasury select committee meeting last week, three of the UK&#39s leading housing market economists expressed concerns about the impact on the economy of a collapse in the housing market. […]

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