Basic Search  |  Summaries  |  Advanced SearchPenalty: £811,900
Year: 2022
Date: 10 June, 2022
Offence Group: consumer-protection-related offences
Offence Type: consumer protection violation
Violation Description: TFS Loans was fined £811.900 by the FCA in a finding that the company failed to undertake adequate affordability checks on loan guarantors. TFS was also required to provide redress to guarantors, where needed, to repair their credit history, where necessary and to release guarantors from liability under any continuing guarantees.
Action Type: agency action
Settlement Type: settlement of FCA Decision
Agency: Financial Conduct Authority
Source of Data: (click here)