MSE News: Leeds collections firm to write off £414m of customer debt

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Debt purchase and collections company Motormile Finance UK has agreed to provide redress to more than 500,000 customers...

Read the full story:
'Leeds collections firm to write off £414m of customer debt over 'historic failings''

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"MMF are now fully authorised by the FCA which is testament to them witnessing first-hand the serious approach we take to our regulatory responsibilities and our desire to treat customers fairly. We will strive to build on the excellent reputation we have in the market and continue to put customers first in everything we do."

Yes, the "serious approach" you take to your regulatory responsibilities when you run the risk of being forced out of business because you don't have a licence.

If you took your responsibilities seriously you wouldn't be writing off 100's of millions of pounds of debt and this story wouldn't exist.