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All Posts Term: financial products
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Mortgages and Banking

Is Mis Selling Financial Products A Thing Of The Past

Is Mis Selling Financial Products A Thing Of The Past

The FSA, a government watchdog tasked with regulating the mortgage market has taken decisive action against mis-selling, ensuring that borrowers are compensated if they are misled.

DB Mortgages, a mortgage provider for the Deutsche Bank was hit was fines nearing £1 million last week for irresponsible lending practices and unfair treatment of customers in arrears. Whilst the government was penalizing the company, it also managed to force DB to repay £1.5 million in unfair fines and charges.

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