M. Moore's latest Film - Capitalism - A love story

Michael Moore the US film maker has announced the release of his latest film and a trailer on You Tube.

In whose interest does the FSA ACT?

This should be straight forward.  The FSA acts to protect consumers from unscrupulous, shoddy, crooked, bad practice or even simple mistakes made by those that it regulates.  

Protecting tenants when a lender re-possesses a property.

Tenants to gain protection on re-possession.

Tenants in properties let by financially unstable landlords could be given greater protection if their homes are repossessed under proposals published today.

Banks charging too high interest rates to business

Business , especially the small business are finding that bank Charges are rising, overdraft renewals are being done at higher rates.  Fees for bank transactions have risen.

Day Cooper Adams leaves hundreds facing losses

It was only a matter of time before one these compensation firms went under owing money to clients.

Apart from the fact that using them gives little advantage to the claimant it means that the claimant who has a legitimate claim ends up not being fully compensated die to their fees.
This firm took fees up front and apparently FOS paid compensation to this firm which was never passed on.

This where FOS and FSA have dropped the ball.
NO IFA can can handle client money without some very strict regulations and protections in place.

There are some signs that Banks are relaxing their criteria and lending again. Full report in the FT .

 

FSCS Icesave and London Scottish compensation

The Financial Services Compensation Scheme (FSCS) has already paid £1.7bn in compensation to Icesave and London Scottish Bank customers in respect of just over 58,900 fixed term deposit accounts that have already matured up to 26 March.

The FSCS expects to have assessed all outstanding claims by early May.

Barclays prevents Guardian publishing their Tax Scheme Documents

Barclays continue with Gagging order despite the fact the documents are freely available on the net. The gagging order prevents them from publishing them or publishing information where they can be found.

The blame game is in full swing.

Anthony Bolton of Fidelity a successful and respected fund manager for many years gave a keynote speech at the National Association of Pension Funds investment conference and blamed the FSA for the Banking crisis.   

His argument is that the FSA new what the Banks business models were and only they knew and only they were in a postion to do anything about it.   

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