Financial News

• Brown dismisses housing crisis fears (09 04 2008 10:15)
• Mortgage hope offered by bank (09 04 2008 10:15)
• Consumer morale 'falls again' (09 04 2008 10:15)
• Bristol & West withdraws deals (09 04 2008 10:15)
• Retirees feel 'unhappy due to no longer working' (09 04 2008 10:15)
• Severn Trent to be fined £36m (08 04 2008 04:15)
• Brown to announce first time buyers help (08 04 2008 04:15)
• UK bank details 'for sale by thieves' (08 04 2008 04:15)
• Last 100% mortgage to disappear (08 04 2008 04:15)
• High earners 'shut out of market' (08 04 2008 04:15)

Subscribe!

Bailiffs 'to be given a regulator'

Homeowners threatened by bailiffs when they fall behind on their loan repayments are to gain greater government protection, the justice minister said yesterday.

Maria Eagle announced that a new independent regulator for the agents, which would require them to receive more training and sit exams.

The new policy announcement followed the publication of a consultation paper on the issue, the BBC reports.

Bailiffs' representatives the Enforcement Services Association welcomed the announcement, but said that the profession "should not be condemned" due to the actions of an unscrupulous minority.

"The Association and its membership continues to work for higher standards within the industry," it added.

"[We have] given clear and consistent support to the proposals for a regulatory/licensing regime."

Send this article to: