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Violation Tracker UK Individual Case

Company: Royal Bank of Scotland plc
Current Parent CompanyNatWest Group PLC
Penalty: £0
Year: 2013
Date: 11 January, 2013
Offence Group: consumer-protection-related offences
Offence Type: consumer protection violation
Violation Description: The OFT imposed requirements on RBS and NatWest to address concerns the banks were using charging orders (a court order that secures the debtor's property for payment of a debt) in a fashion that was unfair, in breach of the Consumer Credit Act.
Action Type: agency action
Agency: Office of Fair Trading
HQ Country of Parent: United Kingdom
Ownership Structure of Parent: government-owned
Major Industry of Parent: financial services
Specific Industry of Parent: banking & securities
Source of Data(click here)