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15/07/2010 - Redstone Mortgages fined £630,000 by FSA
The FSA has fined mortgage lender Redstone Mortgages £630,000 for poor treatment of their customers struggling with mortgage arrears. Redstone has agreed to redress customers who were charged unfairly or excessively while they were in arrears. Redstone is the 3rd such mortgage lender to have been referred for enforcement following similar arrears handling warnings issued to Kensington Mortgages and GMAC RFC Funding.
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