U.K. Watchdog Fines Barclays Units $34.7 Million Over Treatment of Customers in Arrears

  • 📰 WSJ
  • ⏱ Reading Time:
  • 18 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 63%

United States Headlines News

United States Latest News,United States Headlines

A top U.K. regulator has levied a £26 million ($34.7 million) fine on Barclays units over the treatment of customers that fell into arrears or went through a difficult financial situation

By Sabela Ojea Close Sabela Ojea Dec. 15, 2020 3:45 pm ET A top U.K. regulator has levied a £26 million fine on Barclays PLC-related units over the treatment of customers that fell into arrears or went through a difficult financial situation.

Newsletter Sign-up Risk and Compliance Journal Our Morning Risk Report features insights and news on governance, risk and compliance. Barclays said that it has since implemented changes to its systems, processes and training. The bank also has repaid more than £273 million to at least 1.53 million customer accounts since 2017, the FCA said.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

this is terrible news

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 98. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.