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£300 Million For Me - Yes Plz Vanquis...

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Well looks like Peter Crook (Id say suitably named) stepped down from Provident Financial Group...This little gem comes through...

 

Start reclaiming folks, for all those times the admitted ROP wasnt PPI in any form...

 

The analysts said the payout would emerge from requirements around customer redress, regulatory penalties and administration costs for the mis-selling of a product by one of Provident’s businesses.

To recap, the home credit provider has endured the following setbacks, among others, in just the past two months since its troubles were first revealed on August 22:

 

- Announcing that losses could reach £120m this year;

- Losing its experienced chief executive Peter Crook;

- Losing staff after changing its operational structure, to full-time agents, from self-employed teams;

- Dropping out of the FTSE 100;

- Announcing publicly an FCA investigation into Vanquis Bank’s repayment option plan, which offers payment holidays to customers in return for fees.

 

 

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style="text-align:center;"> Please note that this topic has not had any new posts for the last 754 days.

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