Best Credit Builder News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Yet the future of the lender Amigo is in doubt after it lost a crucial court judgement.
At stake is not just the compensation owed to tens of thousands of customers, but also around 405 jobs at the Bournemouth-headquartered business.
The company had warned that it was “highly likely” to go into administration if the Financial Conduct Authority (FCA) stood in the way of a proposal to cap the compensation it pays to large numbers of complainants.
That view was not accepted by a High Court judge, who agreed with the  FCA that rejection of Amigo s scsheme would “probably not lead to the imminent insolvency of the group”. ....

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