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BRIEF-Provident Financial Informed UK's FCA Starts Probe Into Moneybarn
December 5, 2017 / 7:20 AM / 6 days ago

BRIEF-Provident Financial Informed UK's FCA Starts Probe Into Moneybarn

Dec 5 (Reuters) - Provident Financial Plc:

* HAS BEEN INFORMED THAT FINANCIAL CONDUCT AUTHORITY (FCA) HAS COMMENCED AN INVESTIGATION INTO MONEYBARN

* INVESTIGATION IN RELATION TO PROCESSES APPLIED TO AFFORDABILITY ASSESSMENTS FOR VEHICLE FINANCE AND TREATMENT IN FINANCIAL DIFFICULTIES

* AIMS TO ACT RESPONSIBLY IN ALL ITS RELATIONSHIPS, AND TO PLAY A POSITIVE ROLE IN COMMUNITIES IT SERVES

* FCA HAS CONTINUED TO DISCUSS CERTAIN PROCESSES WITH MONEYBARN AND MONEYBARN HAS MADE A NUMBER OF PROCESS IMPROVEMENTS Source text for Eikon: Further company coverage:

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