Claims management companies (CMC) will have their fees capped at a maximum of 30% of the customers' redress under plans outlined by the Financial Conduct Authority (FCA).
The regulator said today (21 January) some consumers currently face charges of more than 40% on the redress they receive via claims management outfits. It said the proposed cap would mean firms would...
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'Three common triggers'
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Was set for today (1 March)
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