Regulators launch joint taskforce to crack down on poor practice in motor finance claims
A new taskforce will tackle poor handling of motor finance claims by some claims management companies (CMCs) and law firms, after the FCA, Solicitors Regulation Authority (SRA), Information Commissioner’s Office (ICO) and Advertising Standards Authority (ASA) agreed to join up their efforts. The announcement comes as the FCA prepares to set out its final compensation […]
Read MoreNew research by StepChange Debt Charity reveals the long-term and harmful impact that coerced debt can have on someone’s credit record
Half of victim-survivors of coerced debt have experienced a negative impact on their credit record, in many cases preventing them from securing a home, mobile phone contract, car finance agreement, or even employment opportunities, according to a new report by StepChange Debt Charity entitled ‘Filed Away’. The report builds on previous research around the prevalence […]
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