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 (484 views)
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2 Comments

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???

Friday, October 27, 2006 03:44PM Report Comment
 

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