As financial services face a potentially massive bill for compensating consumers who were ripped off by the commission model operating in car finance over the last decades, suddenly Rachel Reeves has decided its time to review and 'stabilise' & 'modernise' the Financial Ombudsman Service..

Why?

I'm sure it has nothing to do with the consumer favouring decisions its made over car finance, which apparently took the Financial Conduct Authority by surprise.

#FinancialServices #fraud
h/t FT