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Violation Tracker UK Individual Case

Company: Shelby Finance Limited
Penalty: £527,863
Year: 2020
Date: 7 July, 2020
Offence Group: financial offences
Offence Type: payday lending violation
Violation Description: The CMA informed Shelby Finance that did not provide summary of borrowing statements to customers despite being required to do so under the Payday Lending Order. After being contacted by the CMA Shelby Finance wrote off over £500,000 in loans, sent apologies, and put measures in place to ensure future compliance.
Action Type: agency action
Agency: Competition and Markets Authority
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