Thursday, Oct 26, 2006
Does Tuffers know?
Firstrung: FSA order huge fine against Loans.co.uk for failures selling payment protection insurance
The Financial Services Authority (FSA) has fined Loans.co.uk Limited (LCUK) £455,000 for failing to treat its customers fairly when selling Payment Protection Insurance (PPI). The regulator found that LCUK did not have appropriate systems and controls to minimise the risk of unsuitable sales.
Posted by converted lurker @ 11:46 PM (152 views) Add Comment
2 Comments
- If you do not have an admin password leave the password field blank.
- If you would like to request a password allowing you to add comments and blog news articles without needing each one approved manually, send an e-mail to the webmaster.
- Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
- Please note that any viewpoints published here as comments are user's views and not the views of HousePriceCrash.co.uk.
- Please adhere to the Guidelines
1. This comment has been removed as it was found to be in breach of our Blog Policies.
2. Bubbles. . . said...
Is this what is going to happen when the mortgage companies that offer 100% - 110% - 125% mortgages they didnt evaluate the risks to the borrower adequately???? Control risks to minimise unsuitable sales. Or will the greed continue???