Claims management inquiry and bank account switching
About this episode
The episode discusses the investigation into claims management practices and the implications of switching bank accounts for cash perks.
Since lenders were ordered to repay billions to consumers who signed up to unfair car finance deals, millions of people have been sent adverts exhorting them to claim compensation through claims managers or law firms. But now the Financial Conduct Authority is to investigate the industry amid concerns of sharp practice and misleading marketing. Paul Lewis asks if the regulator has acted quickly enough to root out the rogue operators. And we hear from the serial switchers - those tempted by cash perks to change their bank accounts. Is it worth it? Presenter: Paul Lewis Reporters: Jo Krasner and Felicity Hannah Researcher: Catherine Lund Editor: Rob Cave Senior news editor: Sara Wadeson
People in this episode
Host: Paul Lewis
Topics covered
- claims management
- bank account switching
- consumer rights
- financial regulation
- advertising practices
Keywords
- claims management
- Financial Conduct Authority
- bank account switching
- consumer compensation
- advertising
- financial services
Mentioned in this episode
Organizations: Financial Conduct Authority, BBC Radio 4
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