RegActions records a disclosed FCA monetary penalty of £72,900,000 dated 14 Feb 2023 for Amigo.
Case facts
| Firm or individual | Amigo |
|---|---|
| Regulator | Financial Conduct Authority (FCA) |
| Date | 14 Feb 2023 |
| Penalty | £72,900,000 |
| RegActions breach classification | Consumer protection |
| Public case ID | 5ce3da5a-49a6-4996-bc73-4cd7c289b62a |
Case summary
FCA censures Amigo for failing to conduct adequate affordability checks Last updated: 14/02/2023 The FCA has publicly censured Amigo Loans Ltd for failing to conduct adequate affordability checks on borrowers and guarantors. The FCA would have imposed a fine of £72,900,000, however Amigo demonstrated that this would cause it serious financial hardship.
Official evidence
This page meets the public case-page evidence threshold.
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Scope
This page describes one source-linked monetary record. RegActions excludes non-monetary outcomes and amounts awaiting review from FCA fine totals. The FCA publication remains the authoritative source.