Plans to cap fees charged by claims companies
It follows criticism that firms take a large proportion of compensation for mis-sold financial products. …
“These proposals as they stand would severely limit the ability of consumers to engage a third party CMC to help them seek justice for the financial wrongdoings of lenders, that in many cases the regulator itself has failed to spot or stop before it caused widescale consumer detriment,” said Simon Evans, the alliance’s chief executive.
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