Holland Authority for the Financial Markets (AFM) has imposed a fine that is administrative of on Mr M. Batenburg of Rotterdam on 5 December 2013. The fine is imposed because into the duration from May 2011 to March 2013 Mr Batenburg had been the de facto manager during the committal of a offense by the cash advance provider BA Finance B.V. this really is a contravention of area 2:60 (1) of this Financial Supervision Act (Wft).
BA Finance it self just charged customers low solution costs, but then charge the consumer high costs for non-compliance, for example в‚¬135 on a loan of в‚¬500 if the loan was not repaid within the agreed 7-day period, BA Finance would pass the loan for collection to Credit Consulting B.V., who would. Loans had been passed away to your collection agency in around 80 % of instances.
Initially, Credit Consulting had been owned by who owns BA Finance.
The business had been later on offered, though its methods that are working exactly the same.بیشتر بخوانید