Basic Search  |  Summaries  |  Advanced SearchPenalty: £2,774,400
Year: 2020
Date: 17 February, 2020
Offence Group: consumer-protection-related offences
Offence Type: consumer protection violation
Violation Description: Moneybarn paid a £2.77 million fine in settlement of a finding by the FCA that the company failed to treat customers fairly when behind with loan repayments and failed to clearly communicate the consequences of repayment plans.
Action Type: agency action
Settlement Type: settlement of FCA Decision
Agency: Financial Conduct Authority
HQ Country of Parent: United Kingdom
Ownership Structure of Parent: publicly traded
Major Industry of Parent: financial services
Specific Industry of Parent: sub-prime lending
Source of Data: (click here)