USA: FSA fined mortgage lender over mortgage arrears failings
Posted by nileshkokane on 9 September, 2011
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This item was filled under [ Financial Regulators, USA ]
On September 08, 2011 Financial Services Authority (FSA) published that authority has fined Essex based mortgage lender Swift 1st Limited (Swift) £630,000 for unfair treatment of some customers facing mortgage arrears. The firm has also agreed to carry out a programme to provide redress to customers who were in arrears, and who were charged certain arrears fees and charges that were excessive.
The original article can be found at Financial Services Authority.
