Cpcmcredit Blog

Not surprisingly directly connected to the notorious (and some would say vile) Global Restructuring Group. There is no need for me to comment further

Full story here but here are some highlights

A “tracing agent” convicted of illegally obtaining personal information of bank customers has alleged that NatWest instructed him to report on debtors’ health conditions during the scandal at GRG.

Yuk

Isaacs claimed he worked “extensively” for GRG, which was found by a regulatory inquiry to have mistreated thousands of small and medium companies. He claims he was asked to look into borrowers’ health for the first time in his career by the unit. The bank declined to answer questions about this.

But maybe credit to the bank for..

In June 2015, the bank had suspended Isaacs and all other third-party tracing agents from new engagements pending a review

Perhaps not

It terminated DSS’s contract in March 2016. RBS asked Isaacs to finish months’ worth of work investigating customers and guarantors after it reported its concerns to the ICO, and appears to have paid him for these jobs

And a fair point?

Isaacs said: “The bank was not required to tell me I was under investigation but surely they were not supposed to encourage me to keep investigating their customers. I’ve been fined under the proceeds of crime. What about the bank who paid me? And what about the recoveries my work helped generate? The ICO has gone after the little guy because that was an easy win.”