Lenders “throwing borrowers under the bus” despite reporting bumper profits, say brokers. Despite posting bumper profits, a recent trend that has seen lenders remove products and reprice at short notice, has led some brokers to criticise institutions for “throwing borrowers under the bus.”
Newspage asked brokers if the practice of lenders pulling products with minimal notice was aligned with the principles of Consumer Duty. Reaction:
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Link to Original Article: The Intermediary - Lenders “throwing borrowers under the bus” despite reporting bumper profits, say brokers