Some claims companies shut down, others told to stop taking on clients and misleading ads ordered to be pulled
UK regulators have shut down some claims companies and ordered others to stop taking on clients as they step up a crackdown on firms making misleading statements about car finance compensation.
Four regulators have joined forces to tackle a wave of bad practices among claims management companies (CMCs) and consumer law firms that are attempting to grab a slice of the billions of pounds in compensation set to be paid to victims of the car finance commission scandal.
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