Rules that protect UK homeowners from repossessions may be scrapped

FCA boss says mortgage charter up for review amid pressure from the chancellor to remove red tape for firms Business live - latest updates The City watchdog is considering scrapping rules meant to protect struggling homeowners from having their homes repossessed, in the latest sign of regulators reacting to pressure from the chancellor, Rachel Reeves, to remove red tape for businesses. The chief executive of the Financial Conduct Authority (FCA), Nikhil Rathi, said the much-lauded mortgage chart...