Moneybarn struck £ 32.8 million for failing to help indebted customers

Moneybarn, the auto finance company that helps those ignored by major lenders, has fined nearly £ 33 million in damages after it was accused by the Financial Conduct Authority (FCA) of “failing to treat customers [who had fallen into debt over a three year period] quite”.

Between April 1, 2014 and October 4, 2017, the company, owned by UK subprime lender Provident Financial, was reprimanded for “the likely …

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