igroup has offered its support to the Department of Trade & Industry in finding ways in which lenders can ensure that the consumer gets the best possible deal.
In a letter to Stephen Byers, igroup chief executive Joseph Dlutowski says the group, formerly Ocwen UK, is “committed to making statutory regulation work”. He writes: “Now that the Government has defined the landscape as far as regulation is concerned, I thought it wholly appropriate that I contact you.
“We have over 50,000 customers and we are committed to making statutory regulation work. Indeed, for a long time we have been the only company calling for the Government to regulate the market.”
Dlutowski added that he would be keen to share his ideas for regulation in future DTI discussions. Ocwen UK rebranded to igroup on 1 March. The sales operation will be known as igroup mortgages and its loans will be administered by igroup servicing.