Thousands of customers will be compensated for excessive credit card charges thanks to dogged efforts of 59-year-old Nicholas WilsonA lone whistleblower has won a 13-year “David and Goliath battle” against HSBC and Britain’s chief financial watchdog, resulting in a multimillion-pound compensation payout to thousands of people.The Financial Conduct Authority (FCA) said HSBC had voluntarily agreed to set up a £4m compensation scheme for people who had lost out financially as a result of having to pay “unreasonable” debt collection charges imposed by two subsidiaries of the bank. Continue reading…
Source : theguardian.com
Read more…Whistleblower wins 13-year campaign against HSBC
