Lenders’ Forbearance Hurt Borrowers

Karen Wilshere, the principal risk specialist at the U.K. Financial Services Authority, says forbearance practices by British lenders—including payment holidays and temporary reductions in monthly payments—have left thousands of borrowers in a worse position than before.

  • 12 Nov 2012

Karen Wilshere, the principal risk specialist at the U.K. Financial Services Authority, says forbearance practices by British lenders—including payment holidays and temporary reductions in monthly payments—have left thousands of borrowers in a worse position than before.

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