The FCA has issued an update on compensation payments for people who were mis-sold car finance as it clarified how many people are expected to be paid and how much they could get. Around 30…Read More
Full Article – https://www.bbc.co.uk/news/business-21683739 Payday loan firms have been told to change their behaviour after the Office of Fair Trading (OFT) found evidence of “widespread irresponsible lending”. The OFT is giving the biggest 50 firms…Read More
Full Article – https://www.manchestereveningnews.co.uk/news/greater-manchester-news/brighthouse-refunds-compensation-customers-consumer-13803134 BrightHouse is to pay out £14.8m in compensation and refunds after a financial watchdog ruled the company had treated its customers unfairly. The weekly-payment firm, which has more than a dozen…Read More
Fernwood Financial Limited, a high-cost lender based in the northwest, entered liquidation on June 27. The firm is no longer lending, the Financial Conduct Authority (FCA) said, and has stopped all collections. Liquidators from Aurora…Read More