Christmas anti-fraud jingle released by the UK regulator to help consumers spot financial scams

Former_MSE_Sophie

The financial watchdog has released a Christmas jingle as part of an anti-fraud campaign, launched today (9 December), to try and better inform and protect consumers from financial fraud related to taking out loans, which it says are particularly rife over the Christmas period. 

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Christmas anti-fraud jingle released by the UK regulator to help consumers spot financial scams

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eskbanker

All together now: "You better watch out...."

Alexland

That's just bizarre - did the FCA dream it up at their christmas party last year?

Rollinghome

I doubt that will go down well with Collateral P2P lenders who checked the FCA website before lending only to find that the entry was false and should never have been there. 

Collateral has gone, and while investigations for fraud continue 2/3 years on, those lenders are still waiting for their money. The FCA, then led by Andrew Bailey (since made Governor of the Bank of England)  has yet to admit or apologise for the error.

ColdIron

eskbanker said:

All together now: "You better watch out...."

          

msallen

Rollinghome said:

I doubt that will go down well with Collateral P2P lenders who checked the FCA website before lending only to find that the entry was false and should never have been there. 

Collateral has gone, and while investigations for fraud continue 2/3 years on, those lenders are still waiting for their money. The FCA, then led by Andrew Bailey (since made Governor of the Bank of England)  has yet to admit or apologise for the error.

Indeed. Its now getting close to our next 6-monthly email telling us that they aren't telling us anything yet.

london21

Fraudsters are currently on overtime. Be extra suspicious everyone!

barnstar2077

The jingle pretty much says if you need a loan and someone says they can get you one, as long as you pay a fee upfront, then it is a scam.

I was expecting something a bit more complicated to be honest, I mean, who would give these scammers money?  It is literally the opposite of a loan!

"Hi, I need to borrow £500."

"No problem, give me £50."

"Eh, what?"