Payday firm CFO Lending to pay Ł34 million redress

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Payday firm CFO Lending to pay Ł34 million redress | FCA

28th September 2016, 12:10:PM

Payday firm, CFO Lending, has entered into an agreement with the Financial Conduct Authority (FCA) to provide over Ł34 million of redress to more than 97,000 customers for unfair practices. The redress consists of Ł31.9 million written-off customers’ outstanding balances and Ł2.9 million in cash payments to customers. CFO Lending…
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Payday firm CFO Lending to pay Ł34 million redress | FCA

Payday firm CFO Lending to pay Ł34 million redress | FCA

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