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Provident Financial : Scheme of Arrangement update post FCA letter marketscreener.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from marketscreener.com Daily Mail and Mail on Sunday newspapers.
Provident Financial plc ( the Group or PFG ), the leading provider of credit products to consumers who are underserved by mainstream lenders, publishes an update today on the proposed Scheme of Arrangement for CCD (Consumer Credit Division). On 15 March 2021, PFG notified the market of CCD s intention to launch a Scheme of Arrangement (the Scheme ) in relation to potential redress claims arising from customer credit-worthiness complaints based on historic lending at CCD. Since then, PFG has been working closely with the FCA, as it completed its assessment of the Scheme, in order to address any outstanding concerns. On 22 April 2021, the High Court made an order enabling CCD to convene a meeting of Scheme creditors to consider the Scheme. CCD customers, past and present, as well as the Financial Ombudsman Service (FOS), will now have the opportunity to vote on the Scheme. Further information regarding the Scheme, includi
Investegate |Provident Fin PLC Announcements | Provident Fin PLC : Statement re Trading Update and CCD Scheme investegate.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from investegate.co.uk Daily Mail and Mail on Sunday newspapers.