Tag Results
First Polish-owned, Polish-speaking ABS targets East European clients
Tuesday, 21 April 2015The first Polish-owned, Polish-speaking alternative business structure opened for business at the start of this month – with the help of a British solicitor. Optimal Solicitors started life as a claims management company before converting.
Tags: ABS, Alternative business structures, claims management companies, personal injury
Posted in Alternative business structures, Latest news, Market monitor
SRA warns firms against misleading marketing as inducements ban kicks in
Tuesday, 14 April 2015The Solicitors Regulation Authority has warned law firms against misleading publicity as the government’s ban on the use of inducements by personal injury solicitors came into force yesterday.
Tags: claims management companies, personal injury, Solicitors Regulation Authority
Posted in Latest news, Marketing & PR, Regulation, Solicitors
LeO receives almost 1,000 CMC ‘contacts’ in first three weeks
Thursday, 19 February 2015The Legal Ombudsman has received just under 1,000 consumer ‘contacts’ about claims management companies in its first three weeks of complaints handling, it has emerged.
Tags: claims management companies, CMRU, complaints, Legal Ombudsman, Ministry of Justice
Posted in Latest news, Legal Ombudsman
MoJ announces huge fee rises for claims management companies
Friday, 6 February 2015The Ministry of Justice has announced huge increases in the regulation fees paid by claims management companies. The MoJ said that despite the drop in the number of firms, regulation could not be similarly scaled back.
Tags: claims management companies, CMRU, Legal Ombudsman, LeO, Ministry of Justice
Posted in Latest news, Legal Ombudsman, Regulation
CMCs which break the rules face huge fines
Wednesday, 7 January 2015Claims management companies (CMCs) which break the rules this year face potentially huge fines – of up to 20% for those with an annual turnover of more than £500,000. Smaller CMCs can be fined up to £100,000.
Tags: claims management companies, CMRU, fines, Ministry of Justice
Posted in Latest news, Marketing & PR, Regulation
Claims management company wound up over misused client funds
Tuesday, 25 November 2014A Bradford-based payment protection insurance claims management company, has been wound up by the High Court, following an investigation by the Insolvency Service.
Tags: claims management companies, Ministry of Justice, PPI
Posted in Latest news, Regulation
Big CMCs face £40,000 hit as government names day for new complaints regime
Tuesday, 4 November 2014The Legal Ombudsman is set to start receiving complaints about claims management complaints from 28 January 2015 – some two and a half years after the switch from the Claims Management Regulator was first mooted by the government.
Tags: claims management companies, Legal Ombudsman, LeO
Posted in Latest news, Legal Ombudsman
“Ignorance of new rules is no defence”, ministry tells CMCs
Wednesday, 1 October 2014Ignorance of the rules is no defence where there have been breaches, the Ministry of Justice (MoJ) has told claims management companies (CMCs) in guidance notes for a new set of rules which come into force today.
Tags: claims management companies, CMC, personal injury
Posted in Latest news, Regulation
Claims management regulator “still not tough enough”
Wednesday, 3 September 2014The Claims Management Regulation Unit is “still not tough enough” in tackling the behaviour of financial services claims management companies, a leading consumer credit specialist has said.
Tags: claims management companies, Ministry of Justice, PPI
Posted in Latest news, Regulation
CMCs using “special arrangements” with banks to avoid investigating PPI cases
Friday, 15 August 2014Some claims management companies (CMCs) are using special pre-submission arrangements with the major banks to avoid investigating PPI cases, it has emerged.
Tags: claims management companies, claims management regulator, PPI
Posted in Latest news, Regulation