The financial watchdog, the FCA, wants to crack down on high-cost-credit, an issue which effects more than 3 million people in the UK. The Financial Conduct Authority has announced plans to cap fees in the rent-to-own market, where you can but furniture or appliances by way of weekly or monthly payments, at a high interest rate. They also want to crack down on doorstep Borrowing , where the lender comes to your home and collects payments. It also wants stricter regulations on catalogue shopping, which also charge an extortionate amount of interest on the goods they sell. On overdrafts, the … Read more
A 37 year old man from Orlando, Florida stands accused of running a nationwide, fraudulent Timeshare scheme from his apartment.
David Jolly has been charged with Fraud nearly $90,000. Victims say they thought he was selling their Timeshares, but it was all an elaborate hoax.
Jolly is currently being held in jail, as he could not afford the $60,000 bail bond to be released until his hearing. In the US, when a defendant is arrested and charged, a court will set a dollar amount, known as a bail bond. This is required so as to prevent criminals fleeing before they … Read more
On 13 April 2018, the English High Court handed down judgement in the first ‘Right to be Forgotten‘ case tried in the English Courts. This landmark case specifically addressed the right to have personal information removed by operators of Internet Search Engine, Google. The Judge in this case held that Google must remove links to articles about spent criminal Beliefs and sentences of the two anonymous claimants.
Google returns search engine results that feature links to third-party reports. The two businessmen that launched the legal bid to remove some search results about their criminal convictions, stated that the … Read more
The Birmingham brothers have been ordered to pay back “Hidden Assets” or face an additional 15 months in prison.
Brothers Amarjit and Shivjit Bagharian, from Smethwick, were both jailed for seven years in February 2016 after admitting a Scheme to defraud topping £1 Million. Operating under 2 bogus companies, Sun Properties Solutions and Avon Client Services, they duped over 38 victims into handing over money in exchange for timeshare abandonment services, even promising their victims could obtain a handsome return on their investment.
However, the duo made no effort to sell timeshares, nor had any intention to do so. Instead … Read more
A family from Solihull were disgusted when their bank told them they would not give back £25,000, which was stolen from their savings account. Jodh Cusbia was contacted from what seemed to be a genuine number from TSB and that the woman he spoke to was so convincing, he had no idea that anything was wrong.
“I felt ill, I wanted to cry. I did cry”.
Years of earnings were wiped out in seconds. Jodh Cusbia, from Solihull, could hardly believe it when £25,000 was taken from his account, in what he thought was a legitimate phone call to the … Read more
Staff members working for the Financial Ombudsman Service have been flooding Glassdoor with negative reviews.
Glassdoor is the ‘TripAdvisor’ of the employment sector, where staff are able to rate past and current employers out of five stars. They can also leave comments on their experiences and many have taken the opportunity to vent on what working at the service is really like for staff.
According to Glassdoor ratings, Chief executive Caroline Wayman has an approval rating of just 9 percent and its not hard to see why, when you read just a handful of the comments left on the site … Read more
‘New Deal’ for consumers boosts consumer rights and law.
The EU currently has some of the stongest consumer protection rules in the world. The rights the EU has put in place for consumers give predictability and confidence to both consumers and businesses and include the right to safe products, the right to return a product bought online within 14 days and the right to have a product repaired or replaced within a guarantee period. These are just some of the discernible rights that make a difference to peoples lives. These shared rights have contentiously created a greater consumer trust in … Read more
That’s the message from Bluegreen Vacations Corp, a Boca Raton based company seeking to tap the next generation of Traveller’s.
Bluegreen is planning a major expansion to the western U.S of the company’s vacation destinations, whilst also trying to expand it’s customer base, and have announced completion of the purchase of Eilan Hotel and Spa for $34 million. The vacation ownership company is seeking to attempt to target younger travellers by expanding into hip locations, offering the types of activities and experiences millennials may enjoy. Eilan Hotel and Spa features a fitness centre, luxury locations and is close to Six … Read more
A Warwickshire businessman has become the first person to be prosecuted by Companies House, after he falsely set-up companies on the Government register. Kevin Brewer admitted giving false information to Companies House and to using the names of prominent figures from the City of Westminster.
Companies House is the United Kingdom’s register of companies and is an executive agency and trading fund of her Majesty’s Government. It falls under the remit of the Department for Business, Energy and Industrial Strategy and is also a member of the Public Data Group. The companies register contains information about company addresses, accounts, those … Read more
Are Diamond Resorts about to go public?
Diamond Resorts owns a network of 379 vacation destinations in 35 countries around the world and sells vacation ownership points. In June 2016, Apollo Global Management made a successful offer to purchase Diamond Resorts International. On January 18th 2018, the company underwent a brand refresh, updating its logo and officially dropped the “International” from its name, and became known as Diamond Resorts. Along with these changes, as many as 1,000 employees at more than 15 European locatiions were told they were losing their jobs. This does not appear to have generated enough profit … Read more