January 20, 2017 BY Valentina Kirilova

HSBC pays approximately £4 million redress for historical debt collection practices

HSBC has voluntarily agreed to set up a redress scheme for customers who may have suffered detriment by paying an unreasonable debt collection charge imposed by HFC Bank Ltd (HFC) and John Lewis Financial Services Limited (JLFS), the Financial Conduct Authority (FCA) has just announced. Both HFC and JLFS are now part of HSBC Bank…

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