Members of the Council of Mortgage Lenders (CML) have voted in favour of the proposal to form part of the new proposed trade association for financial services firms; incorporating the activities currently undertaken by the CML, the British Bankers’ Association, Payments UK and the UK Cards Association.

If all the trade bodies agree on the process to amalgamate, the Financial Services Trade Association Review team will in due course make further announcements on the operational aspects of the integration.