Regulation and Compliance

FCA will not block Provident’s compensation scheme

15th July 2021 Consumer Collections |

The Financial Conduct Authority (FCA) has criticised Provident Financial’s plans to cap compensation for customers of its failed doorstep lending arm,. The regulator has also said it would not oppose the lender in court. Provident has set aside £50 million under a scheme of arrangement to reimburse customers who were mis-sold loans. The FCA said…

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Regulation and Compliance

FCA will not block Provident’s compensation scheme

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