Speech: David Currie speaks about the devolved nations as a key focus for the CMA

[Legal Beagles]

Speech given by CMA Chairman, David Currie, at the CMA board reception in Wales.

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[Fred]

Re: Speech: David Currie speaks about the devolved nations as a key focus for the CMA

Dear Mr Coates Following reading the the article (https://www.gov.uk/government/news/t...ing-for-us-all) I became very interested in the commitments being proposed by yourselves.


If I may I would like to ask a few questions as follows;


1) What view does the CMA take of the terribly noncompetitive second charge loan market as it exists, especially in the flavour of "unregulated" ?


2) What is or are your views on consumers being subject to erroneous/bias terms without any/or little regulatory support or advanced dispute resolution ?


3) Where do you or would you draw the line on what you may or may not consider the point/s when consumers suffer the wrath of high street names in long term loans ?


4) What is your view on existing current issues like the above & the damage that ensues in leaving/ignoring the problems caused ?


5) What is your organisations view on a long term contract such as the above & its relevance to complying with new legislation ?


6) As well as the FOS & regulator/s is it also your view that consumers should individually all have to go to the courts without cost effective professional representation & challenge the the institutions for a "fair & balanced" result ?


I would/will be very interested in any comments you are able to make or any further direction you may suggest, thank you in advance.


Yours sincerely


Fred :tung: