Warning Issued by the FCA against Creditspring Loan
One of the recent warnings that the Financial Conduct Authority has issued is an online firm going by the name ‘Creditspring Loans’. The FCA has issued a warning pertaining to the existence of the firm, its offerings, and its false claims. The regulator has warned all citizens of...
One of the recent warnings that the Financial Conduct Authority has issued is an online firm going by the name ‘Creditspring Loans’. The FCA has issued a warning pertaining to the existence of the firm, its offerings, and its false claims.
The regulator has warned all citizens of the United Kingdom not to interact with the website for the services it is claiming to offer.
The regulatory authority has revealed that it is offering its offering its services in the United Kingdom to the locals without acquiring any authority or permission. The firm is unregulated and it is unauthorized to offer any kind of financial service to the locals.
In addition to being unregistered, the regulator has revealed that the website is a ‘clone firm’ as well. It means that the platform is using the identity of an authorized firm in the United Kingdom to cover its true identity and intentions from the users.
The regulator has recommended that the locals in the United Kingdom must not interact with the platform or be lured by the financial services/products it is claiming to offer.
Warning by the FCA