Month: <span>July 2015</span>

US Bank Giant To Pay Back $166 Million Over Debt-Collection Abuses

If you are a business owner who has found yourself in hot water over your debt recovery practices, then spare a thought for JP Morgan. The giant U.S. bank will be forced to pay $166 million over the abusive way it treated customers over debts according to reports on Bloomberg. The failure of JPMorgan to…

Debt Management Companies Are Failing According To FCA

The Financial Conduct Authority has found that debt management companies are failing to provide the service they are being paid for and offering poor advice to indebted businesses. The findings raise issues for firms seeking the recovery of debts as well as those companies who may be struggling to pay back the money they owe….