FSA intervention in mortgage market could hurt consumers - CML

In its submission to a review on the future of mortgage regulation, the trade body says proposals for regulatory reform must focus on areas where evidence of consumer detriment have been clearly identified.   It says some previous concerns about the mortgage market have already been addressed by the way in which firms have responded to changed market conditions. As a result, it argues there is no need for “urgent intervention” by the FSA to change the mortgage rules or implement broader regulatory reform.   The CML says the European Commission's ongoing review of responsible lending ...