We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
FOS wants law to be changed to allow Class Action complaints!!
marshallka
Posts: 14,585 Forumite
31st May 2009
Consumers are being denied millions of pounds in compensation for mis-selling because they are being fobbed off by high-street banks — and the City regulator is failing to help them, a damning report revealed last week.
The Financial Ombudsman Service (FOS) called for the law to be changed to allow US-style class-action lawsuits to help customers get redress, as its annual report revealed that nearly 60% of complaints were going in favour of consumers, compared with a normal level of 30% to 40%.
http://www.timesonline.co.uk/tol/money/consumer_affairs/article6394865.ece
Aplogies if this was posted on here before.
Consumers are being denied millions of pounds in compensation for mis-selling because they are being fobbed off by high-street banks — and the City regulator is failing to help them, a damning report revealed last week.
The Financial Ombudsman Service (FOS) called for the law to be changed to allow US-style class-action lawsuits to help customers get redress, as its annual report revealed that nearly 60% of complaints were going in favour of consumers, compared with a normal level of 30% to 40%.
http://www.timesonline.co.uk/tol/money/consumer_affairs/article6394865.ece
Aplogies if this was posted on here before.
0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.3K Banking & Borrowing
- 253.7K Reduce Debt & Boost Income
- 454.4K Spending & Discounts
- 245.4K Work, Benefits & Business
- 601.1K Mortgages, Homes & Bills
- 177.6K Life & Family
- 259.2K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards