Failed Lender TFS Fined For Flawed Guarantor Checks

By Ronan Barnard (June 10, 2022, 12:51 PM BST) -- The finance watchdog said Friday that it has fined an insolvent guarantor loan company £811,900 ($1 million) for not checking whether guarantors for consumer loans could afford to pay if the borrowers they vouched for failed to pay their debt....

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