Exclusive: Critics say lender’s diagram could enrich directors while destitute borrowers miss out over mis-selling claimsConsumer campaigners are urging the government and the City regulator to intervene in a rescue scheme proposed by the sub-prime lender Amigo,saying it could enrich the firm’s directors while some of Britain’s poorest borrowers miss out on up to £1bn in compensation.
They have called on the Financial Conduct Authority (FCA) to block plans to limit redress payments to nearly a million current and former customers who were potentially mis-sold unaffordable loans by Amigo, which is the most complained about financial lender in the UK.
CEO Gary Jennison: 9.5m shares (£3.8m at 40p)Chief financial officer Mike Corcoran: 4.75m shares (£1.9m at 40p)Chief risk officer Paul Dyer: 1.5m shares (£600000 at 40p)Chief transformation officer Shaminder Rai: 1.5m shares (£600000 at 40p)Chief restructuring officer Nicholas Beal: 1m shares (£600000 at 40p)Continue reading...
Source: theguardian.com