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Ministry of Justice: Cutting the costs for consumers – Financial Claims

On 15 February 2016, the Ministry of Justice launched a consultation on Cutting the costs for consumers – Financial Claims that proposed introducing a 15% completion fee cap of the net amount of the final compensation awarded that a CMC can charge consumers for Payment Protection Insurance and Packaged Bank account claims and 25% for other financial claims and a ban on any upfront fees.

UK Cards responded on 8 April 2016.

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