Thread: Updated: Boris resigns as party leader
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Old 22-07-2022, 19:50   #3747
OLD BOY
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Re: Updated: Boris resigns as party leader
Quote:
Originally Posted by Damien View Post
Without proper regulation there will be a lot of predatory companies targeting vulnerable customers with dodgy financial products. One thing the Government doesn't get enough credit for - both Tory and Labour post '08 - is how terrified banks are at getting caught misselling and how much better-protected consumers are now. They operate on the basic principle that an ordinary person needs to understand the product without prior knowledge, not hiding dodgy stuff in the small print and blaming the customer for not reading/understanding it.

Anyone who advocates abolishing this kind of regulation by trying to pretend it's a Brexit Bonus is hiding their true intentions to screw you over.
Sensible regulation that educates people on what they are getting into is not the issue. The problem is the mindless bureaucracy that has people jumping through hoops for no good reason.
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