Farepak victims to get compensation of £8m – The Guardian
“Savers who lost money when the hamper firm Farepak collapsed are to receive compensation totalling £8m from Lloyds Banking Group.”
The Guardian, 6th July 2012
Source: www.guardian.co.uk
Category: credit unions
Farepak victims await directors ruling – The Guardian
“Victims of the collapse of Christmas hamper firm Farepak could be a step closer to justice as the company’s directors face a judge in London’s high court.”
The Guardian, 24th May 2012
Source: www.guardian.co.uk
Suffolk credit union manager jailed for £100,000 fraud – BBC News
“The branch manager of a credit union has been jailed after he admitted stealing more than £100,000 from customers’ accounts.”
BBC News, 11th July 2011
Source: www.bbc.co.uk
Co-operative and Community Benefit Societies and Credit Unions Act 2010
Co-operative and Community Benefit Societies and Credit Unions Act 2010 published
Full text of Act (PDF)
Source: www.opsi.gov.uk
Credit union rules ‘to be eased’ – BBC News
“The government is to unveil an initiative to help people, especially those on low wages, beat the credit crunch, the BBC has learned.”
BBC News, 30th June 2008
Source: www.bbc.co.uk
Farepak savings bosses may face prosecution – The Guardian
“The government may take legal action against the directors and accountants behind Farepak, the Christmas savings club which collapsed leaving 150,000 people short of almost £40m in savings.”
The Guardian, 13th May 2008
Source: www.guardian.co.uk
