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ASTL: Bridging Loans ban appropriate
The Association of Short Term Lenders, the trade body which represents most of the country’s leading short term lenders, believes that the FSA acted appropriately in fining and banning directors of Bridging Loans Ltd, a bridging lender who is not a member of the trade body.
Commenting, Adrian Bloomfield, CEO of the astl, said, “The FSA has a responsibility to ensure that all financial services providers act within the regulatory environment prescribed including of course all short term lenders. As a trade body that champions best practice, we support the FSA’s actions in this matter. Working together with the FSA we can help improve compliance for short term lenders to meet the necessary standards.”
Peter James wrote:
Interesting piece in the Mirror with photo from ASTL pres and Bridging Loans Ltd! http://blogs.mirror.co.uk/investigations/2010/11/disappearing-act-by-award-winn.html
19 November 2010 10:59:30 GMT
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