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“Ripped down by Sunny, let down by now the regulators”

“Ripped down by Sunny, let down by now the regulators”

Lots of people will feel horrified if they see all of the loans which were evaluated as unaffordable additionally the massive amount interest they paid on those loans.

It really isn’t the Administrators fault the refunds is going to be so low, they have been just dividing up just exactly what cash there clearly was.

It will be the Financial Conduct Authority’s (FCA) fault:

  • inspite of the guidelines about checking affordability, Sunny was permitted to keep on financing;
  • the FCA didn’t insist Sunny had sufficient capital to spend settlement claims; and
  • the FCA hasn’t supplied any scheme that is back-up spend the payment.

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