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“Ripped down by Sunny, let down by now the regulators”

“Ripped down by Sunny, let down by now the regulators”

Lots of people will feel horrified if they see all of the loans which were examined as unaffordable therefore the amount that is large of they paid on those loans.

It’sn’t the Administrators fault the refunds would be so low, they’ve been simply dividing up just what cash there clearly was.

It’s the Financial Conduct Authority’s (FCA) fault:

  • regardless of the guidelines about checking affordability, Sunny ended up being permitted to keep on financing;
  • the FCA didn’t insist Sunny had sufficient capital to spend payment claims; and
  • the FCA hasn’t supplied any back-up scheme to spend the settlement. (više…)
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