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Banking Disputes In The Press

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Banks face rules to curb mis-selling

Source: Reuters - Wed Sep 5, 2012 1:02pm BST

Britain's banks have 18 months to stamp out incentives that encourage the mis-selling of financial products or face "intrusive" action, the Financial Services Authority said on Wednesday.

UK banks have been hit by a string of scandals in the last 20 years for inappropriate selling of products, such as insurance, home loans and pensions, to customers who often did not need them. Compensation for mis-sold loan insurance alone will cost the banks 9 billion pounds.

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My bank has called in its loan

Source: FT - Fri April 26, 2013

Two years ago I took out a business loan. My business has been repaying it since then, but I made underpayments for three months due to cash-flow difficulties. When I spoke to my bank about these, I was told that there was no problem and it even increased our overdraft limit. The bank has now said it is calling in the loan and using a personal guarantee that would place me in a lot of difficulty.

Full article.....


 Patrick Selley

Profile: Patrick Selley - Keystone Law
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Profile Patrick Selley

Patrick is an experienced commercial litigator who has taken many cases to trial in the High Court and the Court of Appeal. Patrick strongly believes in using flexible approaches to dispute resolution; he is a qualified mediator and a Fellow of the Chartered Institute of Arbitrators. Previously, Patrick has conducted professional negligence defence work, but he now acts for claimants, particularly against solicitors and financial advisers.

Patrick was admitted as a solicitor in the UK in 1983 and in Hong Kong in 1986.

Patrick is a keen exponent of mediation from the outset having been a director of ADR Net and, with Bond Pearce, a branch founder of the Centre for Mediation in the 1990’s. Trained with both CEDR and ADR Net Patrick has successful experience of many mediations both as mediator and advocate. In addition to his work as a litigator and a mediator, Patrick also runs mediation training courses for non legal professionals.

 

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  • Banks face rules to curb mis-selling

    Source: Reuters - Wed Sep 5, 2012 1:02pm BST

    ...
  • My bank has called in its loan

    Source: FT - Fri April 26, 2013

    Two years ago I took...

  • RBS sued over banking tactics

    Source: The Sunday Times - 22nd February 2015

  • Business borrower? What to do if you’re affected by mis-selling
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