Friday, July 06, 2007

GE rumoured to be under investigation by FSA



Leah Milner - 05-Jul-2007



By Leah Milner









GE Money Home Lending is rumoured to be the subject of a Financial Services Authority probe.

The
rumoured investigation into the sub-prime lender comes a day after the
FSA’s review of the sector revealed serious shortcomings.

The FSA revealed it was investigating five mortgage brokers following on from its review of the sub-prime sector.

A spokesman for GE Money says the lender is unwilling to comment on industry speculation.

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