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FCA investigating Lloyds over mortgage arrears
FCA investigating Lloyds over mortgage arrears
This is a duplicate of the Blog Entry made on: 29th July 2016 16:07
This is a duplicate of the Blog Entry made on: 29th July 2016 16:07
The Financial Conduct Authority (FCA) is investigating Lloyds Banking Group’s handling of mortgage arrears, the bank has revealed for the first time today. The bank’s full 96-page results statement, released this morning, includes just six lines of information on the investigation. The statement says: “On 26 May 2016, the group was informed that an enforcement team at the FCA had commenced an investigation in connection with the group’s mortgage arrears handling activities. “This investigation is ongoing and it is currently not possible to make a reliable assessment of the liability, if any, that may result from the investigation.” Lloyds said it was unable to provide any further information to what was included in its financial statement, while the FCA declined to comment. Source