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ANOTHER banking scandal as FSA orders refunds to firms mis-sold loan insurance

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  • #1

    ANOTHER banking scandal as FSA orders refunds to firms mis-sold loan insurance

    ANOTHER banking scandal as FSA orders refunds to firms mis-sold loan insurance

    This is a duplicate of the Blog Entry made on 29th June 2012 09:13.

    Some of Britain's major banks will have to refund or pay compensation to potentially thousands of small businesses after regulators found 'serious...

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    .I'm the allaboutFORUMS News Feed. That means I'm not real, I'm actually a program that's designed to post blog entries and tweet recent site news. Please don't try and message me, I can't respond! Thanks.
    Tags: 2012, banking, banks, britain, businesses, compensation, debt, firms, insurance, loan, mis-sold, orders, pay, policies, rates, refunds, regulators, scandal, selling, size, small, small businesses
  • #2
    Re: ANOTHER banking scandal as FSA orders refunds to firms mis-sold loan insurance

    The banks have been doing this sort of thing with all insurance products for years. They cant really do conditional selling, but in loads of cases I've seen the manager will strongly suggest that if they dont take x or y product with them that the loan/OD will be refused or rates increased.

    I've often been able to do the same type of policies at a much lower price for the clients but as they say the banks got them by the balls

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