Amigo Loans’ previous plan was rejected by the High Court in May last year
(Picture: Amigo)Subprime lender Amigo Loans is a step closer to survival after the Financial Conduct Authority confirmed it will not oppose the company’s latest rescue plan.
The FCA said it will not go to court to object to Amigo’s new proposals, “which represents an improvement on last year’s failed proposal and has the support of the Independent Creditors Committee, which was set up to advance the interests of those customers owed redress.”
