Sentences with phrase «poor sales practice»

The Welsh Liberal Democrat Assembly Member for South Wales West, Peter Black is demanding tough action over mobile phone insurance in the light of the recent Financial Conduct Authority investigation which found poor claims handling, poor sales practice, anti-customer exclusions in the small print, and poor product design.

Not exact matches

Specifically, Defendants made false and / or misleading statements and / or failed to disclose that: (i) the Company was engaged in predatory lending practices that saddled subprime borrowers and / or those with poor or limited credit histories with high - interest rate debt that they could not repay; (ii) many of the Company's customers were using Qudian - provided loans to repay their existing loans, thereby inflating the Company's revenues and active borrower numbers and increasing the likelihood of defaults; (iii) the Company was providing online loans to college students despite a governmental ban on the practice; (iv) the Company was engaged overly aggressive and improper collection practices; (v) the Company had understated the number of its non-performing loans in the Registration Statement and Prospectus; (vi) because of the Company's improper lending, underwriting and collection practices it was subject to a heightened risk of adverse actions by Chinese regulators; (vii) the Company's largest sales platform and strategic partner, Alipay, and Ant Financial, could unilaterally cap the APR for loans provided by Qudian; (viii) the Company had failed to implement necessary safeguards to protect customer data; (ix) data for nearly one million Company customers had been leaked for sale to the black market, including names, addresses, phone numbers, loan information, accounts and, in some cases, passwords to CHIS, the state - backed higher - education qualification verification institution in China, subjecting the Company to undisclosed risks of penalties and financial and reputational harm; and (x) as a result of the foregoing, Qudian's public statements were materially false and misleading at all relevant times.

Over recent years, a number of lenders have been fined for poor PPI sales practices and ordered to pay compensation to all those mis - sold policies.

If law societies regulated fees, I suggest it would have two effects (1) increase both the availability of legal services to the poor generally, and the size of the pool of potential clients who could seriously even consider retaining a lawyer, and (2) in the long term, change the character of the legal professional (as a collection of individuals) for the better by making the practice of law more like social work, rather than drawing in the sorts of people who's skills are better employed in such fields as sales and business entrepreneurship.

Three major causes of declining profitability: poor business practices in response to declining sales, rising costs, and naïve compensation structures.