Principality calls for balanced approach from FSA - Business News - Business - WalesOnline
Well done Principality, I wish more lenders would speak out.
The FSA is only following orders handed down by HM Treasury before the change of government, it was a knee jerk reaction to the banking crisis which was created by wholesale funding, that is all over now but the FSA is misguided because what it says, or even merely implies, pushes lenders to the fringes, away from risks, away from the type of consumers who in the past have benefitted from the flexibility afforded by sensible lenders, lenders who are now suffering the collateral damage caused by irresponsible lenders. In the end it is the consumer who loses out.
Society is in dire need of regulatory balance, I see less each day.
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