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“For tracking litigation, enforcement, and regulatory developments, Compliance Week
should be your prime source.”- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
Financial Conduct Authority fines Vanquis £2 million
The U.K. Financial Conduct Authority has imposed a fine of £2 million on credit card lender, Vanquis, for failing to disclose the full price of an add-on product, called Repayment Option Plan. It must also pay nearly £170 million in compensation to customers.
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