Section

FCA warns lenders to bolster cash reserves ahead of potential motor finance probe handouts

By Daily Mail - a month ago
The FCA said they need to have 'adequate financial resources at all times' in anticipation of meeting the operational costs and payouts related to the historical mis-selling of car loans.

Disclaimer : Mymoneytimes implements extreme caution and care in collecting data before publication. Mymoneytimes does not liable for the adequacy, accuracy or completeness of any given information. Hence we are not liable for any kind of direct or indirect loss caused by the use of such information.