One in five CMCs closed down by MoJ

According to figures obtained by the Law Society Gazette through a freedom of information request, the MoJ's Claims Management Regulation department 'cancelled' 734 businesses in the 12 months up to the end of March. Some of the closures were prompted by the 9,570 complaints the MoJ received from the public during the period. It meant that, at the end of the financial year, the number of authorised CMC businesses stood at 3,018. CMCs have been in the spotlight in recent months because of their heavy marketing to attract victims of payment protection insurance (PPI) mis-selling. ...