Financial Conduct Authority (FCA) Update
The Financial Conduct Authority (FCA) has brokered an understanding with 12 card that is leading providers for about 2m clients to claim right back settlement. The scheme has to be voted on by epgible clients and formally authorized by the tall Court before settlement may be compensated.
A lot of clients whom vote will have to do this in preference of the scheme because of this to occur, meaning settlement is anticipated to be compensated later on in 2010. About 2m customers will receive a preliminary page from a business called AI Scheme giving extra information concerning the procedure. Continue reading In 2014, the FCA has pubpshed the terms of reference for a credit card market study november.