News

Govt reserve resolution scheme axed

Tuesday 23rd of April 2013

As part of the amendments to the Credit Contracts and Consumer Finance Act last week, the Government has chosen to disestablish its reserve scheme, Financial Dispute Resolution, in 2014.

But it has approved Crown-owned Dispute Resolution Services, which has been running the scheme, as another dispute resolution provider.

It joins the Banking Ombudsman, Insurance and Savings Ombuds...

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