MCCB meets with minister

The report detailed how the MCCB’s objectives as regards raising standards and levels of consumer protection in the industry.

Other topics of discussion included how the MCCB is working with the Financial Services Authority (FSA) and other bodies to ensure a seamless transition to the new regulatory regime, and a workable solution to the CP98 proposal that lenders be made responsible for taking reasonable steps to ensure intermediaries correctly discuss pre-application illustrations (PAI).