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‘Ambulance chasers’ must register to continue operating

Claims management companies (CMCs) - so-called ‘ambulance chasers’ - can now register for the temporary permission they need to operate when the FCA takes over regulation.

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FCA says regulating ‘ambulance chasers’ to cost £17m

The FCA is set to take over regulation of claims management companies and estimated the cost to be in the region of £17m.

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Claims management companies to be forced to disclose fees

The Financial Conduct Authority has today published its draft rules outlining how it plans to regulate claims management companies (CMCs) when it takes over their regulation from 1 April 2019.

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Claims management companies strike lucky on PPI claims

Over half of the £136m in payments to those mis-sold payment protection insurance are to consumers who have used a claims management companies (CMCs). Read more...
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