×

BRIEF-Lloyds to pay 283 mln stg in compensation over mortgage fees

July 27 (Reuters) - Lloyds Banking Group Plc

* Britain's FCA says Lloyds to set up redress scheme for mortgage customers who incurred fees after they fell behind with their mortgage payments

* Lloyds has committed to refund all fees charged to customers for arrears management and broken payment arrangements from 1 January 2009 to January 2016

* Lloyds estimates that approximately 590,000 customers will receive redress payments, totalling around 283 million stg Source text for Eikon: Further company coverage: (Reporting By Rachel Armstrong)