Council of EU adopts MCD at first reading

The Council of the EU has published a press release announcing that it has adopted the proposed Mortgage Credit Directive (MCD). It was adopted by qualified majority at a meeting of the Economic and Financial Affairs Council (ECOFIN) without discussion although the Czech Republic, Luxembourg and Latvia abstained from the vote. The text adopted by the Council was that which was published on 17 January 2014.

View Council adopts directive on mortgage credits, 28 January 2014

Ombudsman news issue 115

The Financial Ombudsman Service (FOS) has published issue 115 of its newsletter Ombudsman news. The newsletter includes articles and case studies on annuities and bad weather insurance claims. The newsletter also provides a snapshot of the FOS complaint figures for the Q3 2013/14 financial year. The chief Ombudsman, Tony Boorman also discusses the FOS’s plans ahead.

View Ombudsman news: tackling the past, planning for the future (Issue 115), 28 January 2014