CML accused of deflecting blame away from members

Jones, Lee
May 2009
Money Marketing;5/21/2009, p5
The article reports on the criticism on the decision of the Council of Mortgage Lenders (CML) to cover up irresponsible mortgage lending practices of lenders in Great Britain in 2009. Results of a market analysis proved that some lenders are irresponsible in designing and pricing their products. However, the irresponsibility of the lenders is blamed on CML's negligence to monitor and implement corresponding policies to assure reliability of pricing.


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