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Lloyds Bank fined $81 million for overcharging mortgage customers
Britain’s biggest domestic bank Lloyds (LLOY.L) has been fined 64 million pounds ($81.2 million) by the Financial Conduct Authority for mistreating hundreds of thousands of mortgage customers in financial difficulties. Lloyds and its Bank of Scotland and The Mortgage Business units were also in the process of paying around 300 million pounds in redress to 526,000 customers, the FCA said in a statement on Thursday. The fine is the largest imposed by the watchdog for mortgage-related failures, and would have been 91.5 million pounds had Lloyds not agreed to accept the watchdog’s findings early on. The hefty penalty ... (full story)
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- Jun 11, 2020 12:00pm Jun 11, 2020 12:00pm
- nbfx
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- monsterpipsz
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Focus & RElax
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- Jun 11, 2020 5:36pm Jun 11, 2020 5:36pm
- Not-KPMG
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Beware of robber banks (RB), bad advisors.