Scottish Government withdraw Common Financial Tool Regulations

Scottish Government Minister, Jamie Hepburn, Minister for Business, Fair Work and Skills, has written the Economy, Jobs and Fair Work Committee of the Scottish Parliament to withdraw the Common Financial Tool (Scotland) Regulations 2018. The Regulations, which were intended to migrate Scotland onto the Standard Financial Statement method of calculating how much those in debt get […]

FCA fine Vanquis £1.96 million and orders them to pay compensation

The Financial Conduct Authority have fined Provident Group, credit card lender, Vanquis, £1.96 million and ordered them to pay compensation. The FCA found that Vanquis mis-sold its customers, from 2003, an add-on product for its credit cards, called a Repayment Option Plan (ROP). The product was intended to give Vanquis customers the option of an […]