FSA defends its approach to miscreant lenders

The regulator says it aims to make sure borrowers are treated fairly throughout the lifetime of their mortgage. The FSA says a more detailed response to the Treasury Select Committee's report will be available in due course. A review of all aspects of mortgage regulation will be published this autumn. It will explore ways to fix the market problems. Peter Vicary-Smith, chief executive of Which?, says the FSA needs to start protecting vulnerable customers and stop protecting the commercial interests of lenders. He adds: "The last thing you need if you are struggling to pay you...