Regulating Claims Management Companies: the MoJ Regulation Unit on the case
Do you get fed up with all those text messages or telephone calls inviting you to claim for an accident you never had or a PPI policy that you never bought?
The Ministry of Justice tries to regulate this seemingly uncontrolled and often unethical sector of the legal services market.
As a cheering end of year news item, the Ministry of Justice website published a press release that reports that between April and November 2012 209 companies were shut down and had their licences removed, three have been suspended and 140 have been warned.
This comes ahead of Government plans next year to give consumers even more protection against rogue firms. This includes making all businesses agree written contracts with customers before taking fees and an independent consumer complaints service which can compensate those who have received a raw deal.