Santander UK is terminating its membership of a major lending standards body to avoid confusion over the duplication of voluntary and regulatory industry standards.
Santander UK is reportedly cancelling its membership of a key lending standards body because of the duplication of regulatory standards to which the industry is required to adhere.
Britain’s fifth-biggest bank is terminating its membership of the Lending Standards Board, citing the risk of confusion among staff and customers, Sky News learns.
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