Amigo faces wider FCA probe; regulator to look at complaints process

Tue, 16th Mar 2021 13:00

(Alliance News) - The UK Financial Conduct Authority has extended the scope of its investigation into Amigo Holdings PLC, the company said on Tuesday.

Amigo shares were down 14% at 11.83 pence in London on Tuesday.

The regulator will look at whether Amigo, a guarantor loans provider, appropriately handled complaints and whether customers have been treated fairly. That's on top of the FCA's investigation into Amigo's creditworthiness assessment process, which started on May 29, 2020.

Amigo said it will "continue to cooperate fully with the FCA."

By Ivan Edwards; ivanedwards@alliancenews.com

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