Showing results for tags 'ahl'.
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http://www.fca.org.uk/static/documents/requirement-notices/ahl-vreq.pdf Looks like the FCA are beginning to show their teeth. 3 issues noted with AHL/Cash Genie. (a) a systems weakness and other matters that may have allowed unauthorised charges to be applied to AHL customers' accounts; (b) potential misuse of banking information provided to affiliated websites to repay outstanding debts of existing AHL customers who are in arrears; and © a number of issues in relation to the refinancing (I.e. rolling over) of customers' loans. The regulator has instructed CG to carry out a S166, where they have toa ppoint an independent 3rd party to ensure the remediation work is carried out in a fair manner. CG will undertake (a) an Investigation to Identify whether or not consumers have been affected by any breaches of contractual and/or regulatory obligations applicable at the relevant time as a result of the Issues Identified In paragraph 1.2 and, If so, the extent; and (b) a scheme for assessing the redress that would be appropriate in any Instances of breach
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Reclaim the right Ltd
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