Undisclosed commission constitutes as a bribe
If a dealer was acting as an agent for the seller and has made a secret profit where this has not been disclosed to the seller and not has been authorised, then there are legal…Read More
Almost 750,000 customers could claim compensation on their PPI
Almost 750,000 customers could claim compensation on their Payment Protection Insurance (PPI). UK banks have set aside a further £1.5bn for PPI refunds. Resulting in a total of £35bn mis-selling scandals. Barclays alone have set…Read More
The Fiduciary Rule
Financial advisors and brokers must act in the best interest of the client [borrower] and put their client’s interest above their own. Conflicts of interest should be exposed and the client should know that many…Read More
Consumer Debt is becoming unmanageable due to Store Cards
Consumer debt is becoming unmanageable as high street shops continue to sell store cards with sky high interests rates, as high as 25%-30%. Charities, consumer groups and the Bank of England are concerned about the…Read More