Political Wrinkles  

Go Back   Political Wrinkles > Political Forums > Law & Order
Register FAQDonate PW Store PW Trivia Members List Calendar Search Today's Posts Mark Forums Read

Law & Order Discuss Whistleblower wins 13-year campaign against HSBC Bank at the Political Forums; Whistleblower wins 13-year campaign against HSBC Thousands of customers will be compensated for excessive credit card charges thanks to dogged ...

Reply
 
Share LinkBack Thread Tools Display Modes
  #1 (permalink)  
Old 03-27-2018, 05:35 PM
mr wonder's Avatar
PW Enlightenment
 
Join Date: Mar 2011
Location: Virginia
Gender: Male
Posts: 10,465
Thanks: 9,442
Thanked 5,723 Times in 3,854 Posts
Default Whistleblower wins 13-year campaign against HSBC Bank

Whistleblower wins 13-year campaign against HSBC
Thousands of customers will be compensated for excessive credit card charges thanks to dogged efforts of 59-year-old Nicholas Wilson


Whistleblower Takes On The Dirtiest Bank In The World -Exclusive Interview
http://youtu.be/eNJoRnnLh7I?t=19s

...A 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.

The money will be shared between around 6,700 people who held credit cards with HFC Bank and John Lewis Financial Services, both of which are now part of HSBC.

The announcement represents a victory for 59-year-old Nicholas Wilson, who has devoted years to pursuing this issue. Wilson said that in 2003 he told HFC that what it was doing was “illegal”, and that as a result of the ongoing campaign he had subsequently “lost everything” – he is unemployed and last month was facing repossession proceedings.

Wilson told the Guardian he was delighted that it had finally been acknowledged that “there was some wrongdoing”. But he added: “The figures they are talking about are derisory.” He has always claimed that hundreds of thousands of people were overcharged, though this has consistently been rejected by HSBC and the authorities....
https://www.theguardian.com/money/20...icholas-wilson
__________________
Hope is the dream of the waking man.
Aristotle

For there is hope of a tree, if it be cut down, that it will sprout again, and that the tender branch thereof will not cease.
Job 14:6-8

Last edited by mr wonder; 03-27-2018 at 05:53 PM..
Reply With Quote
Reply

Tags
13year, against, bank, campaign, hsbc, whistleblower, wins

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On

Forum Jump


All times are GMT -5. The time now is 12:31 PM.


Powered by vBulletin® Version 3.8.7
Copyright ©2000 - 2018, vBulletin Solutions, Inc.

Content Relevant URLs by vBSEO 3.2.0