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UK Financial Conduct Authority Fines Guarantor Lender TFS Loans Ltd (In Administration) And Requires It To Provide Redress To Affected Guarantors

<p><span>TFS Loans Ltd (in administration) has been fined &pound;811,900 by the Financial Conduct Authority (FCA) in relation to deficient affordability checks on 3,150 guarantors in its consumer credit business. The FCA has also imposed a requirement on TFS to redress the guarantors that were harmed by the firm not conducting appropriate checks.</span></p> ....

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