FCA warns of firms offering to write off debts in new scam  

Fraudsters said to be focusing on people facing financial difficulties  

Julia Bahr
clock • 2 min read
The FCA said some firms offered to 'write off' debts, mainly mortgages, and get compensation for consumers from their lenders. This might include reclaiming past payments of capital and interest.
Image:

The FCA said some firms offered to 'write off' debts, mainly mortgages, and get compensation for consumers from their lenders. This might include reclaiming past payments of capital and interest.

The Financial Conduct Authority (FCA) has warned UK consumers of firms offering unauthorised management services.  It said these firms offered to 'write off' debts, mainly mortgages, and get...

To continue reading this article...

Join Professional Adviser

 

  • Unlimited access to real-time news, industry insights and market intelligence.
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters.
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection.
  • Members-only access to the editor’s weekly Friday commentary
  • 
 Be the first to hear about our events and awards programmes.

Join

 

Already a Professional Adviser member?

Login

More on Regulation

FCA research highlights consumer vulnerability to scam tactics

FCA research highlights consumer vulnerability to scam tactics

ScamSmart provides knowledge and tools to avoid pension scams

Ayesha Venkataraman
clock 06 October 2022 • 3 min read
Industry backs FCA's advice/guidance boundary review

Industry backs FCA's advice/guidance boundary review

Advice gap ‘not going away without significant change’

Ayesha Venkataraman
clock 30 September 2022 • 4 min read
Three conditions that were necessary to allow the deal to go ahead have not been and are unlikely to be satisfied,.

Link Group takeover deal collapses on FCA Woodford conditions

Three unsatisfied conditions necessary to allow the deal to go ahead

James Baxter-Derrington
clock 23 September 2022 • 1 min read