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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

Please click here to read a notice regarding changes that have been made to the LSB's 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

Click here to view



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.