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Letter to the FCA from Chris Williamson MP re Compass Debt Counsellors situation

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  • Letter to the FCA from Chris Williamson MP re Compass Debt Counsellors situation







    Attached Files
    “We may not win by protesting, but if we don’t protest we will lose. If we stand up to them, there is always a chance we will win.” Hetty Bower

    Any support I provide is offered without liability, if you are unsure please seek professional legal guidance.

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  • #2
    Re: Letter to the FCA from Chris Williamson MP re Compass Debt Counsellors situation

    Excellent.

    I like your pin shot
    I keep it with your letter
    Done up in blueprint blue
    It sure looks good on you
    And when you smile for the camera
    I know I'll love you better

    Then the shutter falls
    You see it all in 3-D
    It's your favorite foreign movie

    'Peg'

    Donald Jay Fagen

    Comment


    • #3
      Re: Letter to the FCA from Chris Williamson MP re Compass Debt Counsellors situation

      anyone any idea what "the £5bn [surely a misprint for £5mn] set aside in the compensation scheme for matters such as this" refers to?

      Comment


      • #4
        Re: Letter to the FCA from Chris Williamson MP re Compass Debt Counsellors situation

        I believe he's referring to the FSCS - so is the £5bn the entire FSCS fund ?

        ( I believe he's arguing FSCS SHOULD compensate on failed consumer credit firms as it currently doesn't ( in this case as they are basically 'savings'/deposits) - not sure if he's arguing for a full on change or a special exemption because of the OFT/FCA failings in these specific cases --- not sure if that is it, as he doesn't say it very clearly if it is - or if there's some mystery other fund )
        Last edited by Amethyst; 6th September 2017, 10:24:AM.
        “We may not win by protesting, but if we don’t protest we will lose. If we stand up to them, there is always a chance we will win.” Hetty Bower

        Any support I provide is offered without liability, if you are unsure please seek professional legal guidance.

        Received a Court Claim? Read >>>>> First Steps

        If we have helped you we'd appreciate it if you can leave a review on our Trust Pilot page

        Find Solicitors offering fixed fees on our sister site - JustBeagle.com

        Comment


        • #5
          Re: Letter to the FCA from Chris Williamson MP re Compass Debt Counsellors situation

          I can't imagine him winning that argument.

          Comment


          • #6
            Re: Letter to the FCA from Chris Williamson MP re Compass Debt Counsellors situation

            Here are the relevant changes to the FSCS to encompass client money at Debt Management Companies.

            http://legalbeagles.info/forums/show...l=1#post763330


            The meeting on Wednesday is to try and raise awareness and ask the gov't to consider making the compensation retrospective to cover those firms that buggered up between OFT & FCA regulation.

            The lobby event is this Wednesday, Room Q, Portcullis House from 4pm. Call your MP and get them to attend! Send them the briefing below! We've made lots of progress, let's get everyone compensation!![
            (just if anyone fancies attending )
            Attached Files
            “We may not win by protesting, but if we don’t protest we will lose. If we stand up to them, there is always a chance we will win.” Hetty Bower

            Any support I provide is offered without liability, if you are unsure please seek professional legal guidance.

            Received a Court Claim? Read >>>>> First Steps

            If we have helped you we'd appreciate it if you can leave a review on our Trust Pilot page

            Find Solicitors offering fixed fees on our sister site - JustBeagle.com

            Comment


            • #7
              Update from Chris Williamson

              ED5F5ECC-9892-4C98-AC1E-C2BA1EEA37AB.png
              “We may not win by protesting, but if we don’t protest we will lose. If we stand up to them, there is always a chance we will win.” Hetty Bower

              Any support I provide is offered without liability, if you are unsure please seek professional legal guidance.

              Received a Court Claim? Read >>>>> First Steps

              If we have helped you we'd appreciate it if you can leave a review on our Trust Pilot page

              Find Solicitors offering fixed fees on our sister site - JustBeagle.com

              Comment


              • #8


                E1990F88-B08A-4463-9754-872A88BBB6EB.png
                “We may not win by protesting, but if we don’t protest we will lose. If we stand up to them, there is always a chance we will win.” Hetty Bower

                Any support I provide is offered without liability, if you are unsure please seek professional legal guidance.

                Received a Court Claim? Read >>>>> First Steps

                If we have helped you we'd appreciate it if you can leave a review on our Trust Pilot page

                Find Solicitors offering fixed fees on our sister site - JustBeagle.com

                Comment

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