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Regulator "flawed approach" to minibond firm

FCA criticised for handling of LCF, the rise in illegal loan sharks targeting people via social media and more than 80% of online adverts on two major rental sites say 'no DSS'.

A damning report by Dame Elizabeth Gloster finds that the financial regulator failed nearly 12,000 people who lost up to £237 million after an investment scheme collapsed. How have those who lost money reacted to her findings?

A search through 390,000 online adverts for rented homes reveals that on two websites more than 80% discriminate against people on benefits.

And concerns from the team dedicated to chasing, catching and prosecuting illegal loan sharks about the rise of people being targeted via social media.

Presenter: Paul Lewis
Reporters: Ben Carter and Maryam Ahmed
Producer: Darin Graham
Series Producer: Alex Lewis
Editor: Emma Rippon

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31 minutes

Last on

Sun 20 Dec 2020 21:00

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  • Sat 19 Dec 2020 12:04
  • Sun 20 Dec 2020 21:00

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