15 Sep Management isn’t a result that is good clients – the FCA should work
They are now not going to get the full amount of compensation that FOS would have assessed although I am encouraging people to put in complaints.
It is not a situation that is acceptable.
The FCA has known for several years that Sunny was not making good offers to complaints in the case of Sunny. Why has got the FCA permitted this to keep?
And just why gets the FSCS perhaps perhaps not been stretched to pay for clients who've been provided unaffordable loans?
We detailed my proposals in most payday loan providers get under – ended up being such a thing learned from Wonga? plus they stays relevant now. With every lender that is high-cost goes under, the necessity for action by the FCA gets considerably urgent.