FCA launches investigation into troubled subprime lender Amigo Loans

City watchdog the Financial Conduct Authority (FCA) has opened an investigation into subprime lender Amigo Loans, the company said today. In a stock market update, Amigo said the FCA started an investigation on Friday into whether Amigo’s creditworthiness assessment process and its governance oversight of this was compliant with regulations.Amigo said the FCA investigation will cover the period from 1 November to date.

Source: CityAM
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