FSA takes tough line with recalcitrant mortgage brokers

Seven firms are in Enforcement and an unspecified further number face referral after FSA reviews of small mortgage intermediaries in June to September 2007 found examples of “negligence or wilful non-compliance”. Stephen Bland. FSA Retail Intermediary sector leader, said that there are “still an unacceptable number of firms unwilling to change and they are damaging the rest of the industry.”