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  • The FCA have issued a deadline of 31st March 2015 for customers who purchased caps and wish to be considered in the IRHP review. According the FCA, up to 6,000 customers have still to complain about the sale of their cap products and will consequent ...
  • The Financial Conduct Authority (FCA) trumpeted the conclusion of its interest rate hedging product sales review today, declaring that all nine banks have completed their reviews and £1.1 billion has been paid out. It would be wholly wrong if, in th ...
  • Many businesses that were mis-sold interest rate swaps are now in administration, leaving insolvency professionals with the onerous task of picking up the pieces and compiling complex cases for redress to submit to the FCA Review. These cases may in ...
  • Veritas is representing a number of businesses that have been unjustly denied the right to redress under the FCA review because they were mis-sold swaps that were included in commercial loans. We are lobbying regulators and politicians to address th ...
  • The latest FCA report on mis-sold interest rate hedging products shows that banks have accelerated their handling of swaps mis-selling cases but as the controversial review grinds towards a close, there are more than three thousand reasons to be unha ...
  • The Financial Conduct Authority says that banks are now on track to provide a redress determination to all customers within the 12 month target but I see new and troubling evidence that banks are cutting corners to meet targets and customers are payi ...
  • The Financial Conduct Authority (FCA) review of interest rate swaps mis-selling needs a radical overhaul to secure justice for thousands of small businesses let down by or unfairly excluded from the current process. Next week (in fact April Fool’s d ...
  • Banks may have satisfied the regulator that they are upping their pace by paying out a total of £482 million to date in compensation for mis-sold interest rate swaps but for thousands of SMEs the long wait for justice is far from over and their tough ...
  • What would you say to the CEO of the bank that had mis-sold you a toxic swap product if you had a direct hotline to their personal office ? OK, forget expletives...But seriously, what harsh truths do CEOs of banks responsible for selling inappropriat ...
  • Today’s FCA update on mis-sold interest rate swaps glosses over uncomfortable truths that the banks have still paid out only a fraction of the £3.75 billion set aside for compensation and too many SMEs remain locked in protracted negotiations or excl ...