FCA announces review of DCA staff remuneration

[AAD News Feed]

FCA announces review of DCA staff remuneration

This is a duplicate of the Blog Entry made on 25th March 2015 14:22.

The Financial Conduct Authority (FCA) has revealed plans to review staff remuneration in debt collection agencies (DCAs), ahead of the regulator’s...

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[PlanB]

Re: FCA announces review of DCA staff remuneration

So the FCA is pledging to review the way debt collectors get paid on commission.

It says they're going to assess how DCAs are "managing the risk that their reward arrangements could encourage potentially undesirable behaviours that might lead to poor outcomes for consumers".

That's a highfalutin way of saying that DCAs relentlessly bully debtors to death (literally sometimes).

We know that, what took them so long to figure it out?

[julian]

Re: FCA announces review of DCA staff remuneration

Did you also notice that Wonga is axing 300+ staff? I hope they include those puppets.