February 27, 2018 BY Valentina Kirilova

Credit card lender Vanquis fined £2 million for ROP disclosure issues

The Financial Conduct Authority (FCA) announced that it has today imposed a fine of £1,976,000 on credit card lender, Vanquis, for failing to disclose the full price of an add-on product, called Repayment Option Plan (ROP). The firm will also repay an estimated £168,781,000 in compensation which constitutes the amount of the charges not disclosed…

Read more