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Daily Archives: June 16, 2020

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Major Banks Fined by FCA for Failures in Handling Mortgage Arrears

Due DiligenceBy June 16, 2020

Lloyds Bank plc, Bank of Scotland plc and The Mortgage Business plc, all part of the Lloyds Banking Group, have been fined by The Financial Conduct Authority (FCA) in relation to how they have handled customers in payment difficulties and arrears. The three major banks have been issued with a fine of £64,046,800 between them…

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