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UK debt-management companies face FCA scrutiny in sector review

( October 19, 2017, 10:41 GMT | Official Statement) -- MLex Summary: UK debt-management companies will come under the scrutiny of financial regulators in a review of the sector to understand how best to weed out poor practices and ensure consumers are not harmed. The Financial Conduct Authority will review fee-charging and free-to-customer debt-management providers. "We will look at the outcomes for customers from the service they are given as well as the initial advice process," the FCA said.Full statement follows. ...

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