This is the new MLex platform. Existing customers should continue to use the existing MLex platform until migrated.
For any queries, please contact Customer Services or your Account Manager.
Dismiss

Amigo Loans avoids GBP73 million fine by evidence of financial hardship

By Phoebe Seers ( February 14, 2023, 15:33 GMT | Insight) -- Sub-prime lender Amigo has avoided a 72.9 million-pound fine because it submitted evidence of financial hardship to the UK’s financial watchdog. The FCA said Amigo, which deleted email accounts of relevant staff pending its investigation, was overly focused on profit and heavily reliant on automated systems for approving loans. Sub-prime lender Amigo Loans has avoided a 72.9 million-pound fine ($88.8 million) because it submitted evidence of financial hardship to the UK’s financial watchdog....

Prepare for tomorrow’s regulatory change, today

MLex identifies risk to business wherever it emerges, with specialist reporters across the globe providing exclusive news and deep-dive analysis on the proposals, probes, enforcement actions and rulings that matter to your organization and clients, now and in the longer term.


Know what others in the room don’t, with features including:

  • Daily newsletters for Antitrust, M&A, Trade, Data Privacy & Security, Technology, AI and more
  • Custom alerts on specific filters including geographies, industries, topics and companies to suit your practice needs
  • Predictive analysis from expert journalists across North America, the UK and Europe, Latin America and Asia-Pacific
  • Curated case files bringing together news, analysis and source documents in a single timeline

Experience MLex today with a 14-day free trial.

Start Free Trial

Already a subscriber? Click here to login