Financial Services Financial Services

UK lenders face redress fees of GBP47 million for mistreating borrowers in difficulty

The UK’s financial regulator requires 17 lenders to pay 47 million pounds (around $58 million) in redress to struggling borrowers, as it announced today that it would make Covid-19 support rules permanent.
The Financial Conduct Authority said it had worked with nearly 100 lenders on how they treat borrowers in

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Fiona Maxwell

Senior Correspondent

Fiona Maxwell is a financial services senior correspondent at MLex in London. She began her career as a reporter for, writing about EU post-crisis regulation, and later worked for POLITICO in Brussels, covering the intersect between financial policy and politics. Prior to joining MLex, Fiona worked at the Bank of England as a policy adviser in the prudential policy directorate.

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