The new Duty to Consumer rules introduced by the Financial Conduct Authority (FCA) aim to set clear standards for the protection of financial consumers. Banks, building societies, investment and insurance companies, as well as many other types of businesses are required to put the needs of their customers first. The timing couldnt be better. Amid…
New consumer duty rules introduced by the Financial Conduct Authority (FCA) aim to set clear standards for the protection of financial consumers. Banks, building societies, investment and insurance firms, as well as many other types of business, are being told to put their customers needs first. The timing couldnt be better. Amid a cost of…
One of her recent clients was a young person, still in school, in a car accident that she was not insured for. Another client was working to pay off his brother’s gambling debts, to the point that he missed his university classes and failed but still received a HECS debt. Read the full article at:…
Posted on: July 22, 2023, 01:38h. Last updated on: July 22, 2023, 01:40h. A one-time pastor was sentenced this week to 18 months in prison for stealing about $130,000 from a New Hampshire church. Some of the loot was used to pay for his gambling debt with other money used for personal purchases. Journey Baptist…
A study out of Finland has identified an opportunity to identify problem gambling and offer addiction support during the debt consolidation process. Unlike previous studies on the topic, it used direct data from people applying to consolidate their debts, rather than less reliable self-reported data. The study found that over half of those seeking to…
Disgraced gambling giant Crown used its history of egregious law-breaking to argue down the third-largest corporate fine in Australian history. Key points: Crown used huge fines already paid to try to argue down a penalty for money laundering breaches Crown told the court it would face “significant financial hardship” if the fine had to be paid…
Police have arrested 14 people allegedly involved in an online gambling network, in which serial cyanide murder suspect Sararat Rangsiwuthaporn and her husband, Pol Lt-Col Vitoon, were regular customers, Pol Gen Surachate Hakparn, the deputy national police chief, told the media today (Friday). He said that the couple had incurred a huge amount of debt…
Johns gambling addiction began when he was in his mid-20s. He had always enjoyed playing poker and other card games with his friends, but his interest in gambling soon became a full-blown addiction. John began spending more and more time and money gambling, often betting on sports games and horse races. Despite numerous losses, John…
Michael Jordans relationship with gambling is a well-known facet of his legendary career. However, in 1993, Jordan was adamant that he simply enjoyed the occasional wager. I enjoy it, its a hobby. If I had a problem, Id be starving, hawking this watch, sell my championship rings, I would sell my house My wife would…
Gambling addiction is a behavioral condition involving an uncontrollable urge to gamble, causing severe consequences on an individuals personal and financial well-being. Genetic, environmental, as well as psychological factors cause it. There are a lot of famous gambling addicts including Hollywood stars, who often engage in high-stakes poker games called invitation-only or underground games. Ben…