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Found 3 results

  1. https://www.theguardian.com/business/2017/jun/20/sfo-charges-barclays-bank-executives-ceo-2008-qatar-fundraising I reckon they will get off with a slap on the wrist and a fine.. this after the SFO will have spent £thousands if not £millions of tax payers money trying to make a case against them.
  2. Directors of the City regulator will hold crunch talks later about the imposition of a deadline which would draw a line under the £25bn payment protection insurance mis-selling scandal. Sky News has learnt that the Financial Conduct Authority (FCA) will discuss the merits of a so-called time-bar exercise as part of a scheduled board meeting. The board meeting will come ‎four months after the watchdog raised the spectre of a fresh deluge of compensation claims as a consequence of a landmark legal ruling at the Supreme Court last year. Bank executives have warned that the implications of a case brought by Susan Plevin - which centred on a company's failure to disclose to her a large commission payment on her PPI policy - could be catastrophic for the industry. https://uk.news.yahoo.com/watchdog-crunch-talks-25bn-ppi-cut-off-213150769--finance.html#6cfwso4
  3. A ban from the advertising watchdog lifts the lid on the murky world of payday lending. FirstPayDayLoanUK is the latest payday lender to get its knuckles rapped by the Advertising Standards Authority. It has been banned from sending unsolicited texts that purported to be from "friends" who were out partying after having their bank balances topped up by the lender. The ASA quite rightly ruled it was irresponsible to suggest that these expensive short-term loans should be used to fund a social life. And it also expressed concern that the messages looked like personal ones, as opposed to marketing spam. But aside from the questionable marketing tactics, the ruling also lifted the lid on some other unsavoury aspects of the payday loan business. Incredibly, the feeble defence put up by FirstPayDayLoanUK – which is a trading name for a company called First Financial – was that it was "only responsible" for setting up the loan websites, which were then passed on to advertisers. More: http://www.telegraph.co.uk/finance/personalfinance/comment/10130259/Could-payday-lenders-cause-another-credit-crunch.html
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