NEWS
Latest
News, Information and Updates.
Last updated
19 DECEMBER 2011
Debt collection and debt sale
New provisions have been agreed that increase the level of protection offered to customers under the Lending Code where their debt is sold or transferred to a 3rd party for collection. Where a debt is sold, subscribers need to satisfy themselves that appropriate arrangements are in place to ensure that the debt purchaser will continue to deal with customers in a manner consistent with the requirements in the Code for the treatment of customers in financial difficulties.
For full details of these new provisions, which come into effect on 1st May 2012, click here.
Themed Review of the way that Lending Code Subscribers deal with customers who are in financial difficulties
In November 2011 the LSB completed a review of the way Lending Code Subscribers deal with customers who are in financial difficulties.
Click here to view report
Changes to the LSB registration rules
Sir Robin Mountfield
It is with great sadness that we have to report the death of Sir Robin Mountfield on 9 November 2011. Robin joined our Board in January 2007 and has made a very significant contribution to the work of the BCSB and the LSB.
Yorkshire Building Society
Following its merger with the Norwich & Peterborough Building Society, the Yorkshire Building Society has become a subscriber to the Lending Code.
Pre-notification of current account charges
LSB Bulletin No.4
Bulletin 4, issued on 6 July 2011, is now available.
Click here for Bulletin
New Code launched
Following the independent review of the Lending Code, a new edition has been launched which becomes effective on 31 March 2011.
Click here to see a copy of the new Code
New LSB Chairman appointed
The LSB is pleased to announce that Lord Hunt of Wirral will become the new Chairman of the Lending Standards Board at the beginning of April 2011.
Click here to view the press release.
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