Bank told: Pay it back

The Sunday Post (Newcastle) - - NEWS -

Bar­clays bank has been or­dered to com­pen­sate cus­tomers af­ter mis-sell­ing loans.

An in­ter­nal in­ves­ti­ga­tion into Bar­clays Part­ner Fi­nance (BPF), the con­sumer lend­ing arm of Bar­clays Bank, re­port­edly iden­ti­fied a lack of su­per­vi­sion over re­tail­ers of­fer­ing ’buy now, pay later’ credit for pur­chases.

This may have left cus­tomers un­able to re­pay their debt.

The Fi­nan­cial Con­duct Au­thor­ity has told Bar­clays to over­haul its prac­tices.

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