Credit provider sues Complaints Co. for ‘unlawful’ practice
Posted onAuthorCourtney T. CulpComments Off on Credit provider sues Complaints Co. for ‘unlawful’ practice
By Joel Poultney (June 20, 2022, 5:20 p.m. BST) – A company providing consumer credit lines has sued a complaints management company for its alleged failure to properly investigate claims it filed, accusing the defendant of breached its regulatory obligations and unlawfully brought charges.
SafetyNet Credit says in a recently released June 9 High Court filing that Impakt Claims’ failure to properly investigate charges brought against SafetyNet on behalf of consumers claiming they were unsuitable for credit cost the company around £440,000 ($540,000) in wrongful payments, lost business and internal staff costs.
SafetyNet says Impakt, a company regulated by the Financial Conduct Authority, was looking…
Stay one step ahead
In the legal profession, information is the key to success. You need to know what’s going on with customers, competitors, practice areas and industries. Law360 provides the intelligence you need to stay an expert and beat the competition.
Access to case data in articles (numbers, filings, courts, nature of lawsuits, etc.)
Access to attached documents such as briefs, motions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and more!
UPDATE 10pm UK: Klarna shared her full response to the Woolard review, agreeing that “regulation has not kept pace with new products and changes in consumer behavior” and that she “fully supports[s] modernizing regulation and supervision “in the buy-now and late-payment industry. Klarna said Xbox All Access includes affordability control. ORIGINAL STORY 5 p.m. UK: […]
MANHATTAN BEACH, Calif.–(BUSINESS WIRE)–TriLinc Global, LLC (“TriLinc”) today announced the approval of WCA (Working Capital Associates) LLP (“WCA”) as a new investment partner for business expansion and social development. -economic in Africa and Latin America. “We are excited about our partnership with Working Capital Associates to expand our existing investment capabilities in term lending and […]
When UniversalCIS and Credit Plus merged last October to create the nation’s largest trimerge credit reporting providerexecutives of the combined company said a new brand would arrive in early 2022. The new name, Xactuscomes with a tagline, “Advancing the Modern Mortgage”. They chose the root word, exact, because “our business is about precision, data and […]