Danny Moloney

Collateralised Credit Exploitation 'Exploitative by Design - Extortionate by Intent - Fraudulent by Nature'. Danny Moloney

The fact that the most vulnerable with the least financial resources, pay several times as much for their credit servicing (due to fraudulent credit risk accounting) as everyone else is simply unjust. The Financial Conduct Authority has rightfully cracked down and outlawed this abhorrent practice of Persistent Exploitation amounting to Financial Servitude for millions of UK consumers. Our Legislators & Regulators have been allowing Credit Card Companies to take pecuniary advantage for far too long, mainly because vulnerable consumers have no resources and are easy prey to this form of penury & financial slavery? Credit Exploitation by credit card companies is the most visceral example of this new form of 'corporate incarnate' poverty maker in the UK. Credit Card Companies have knowingly and deliberately used less than ethical, legal, moral & generally acceptable financial tactics to harass, intimidate & abuse vulnerable U. K. consumers. The Royal Bank of Scotland has adopted a Collateralised Credit Exploitation (CCE) approach to extracting monies without any reasonable justification. RBS are in clear breach of several acts of parliament (both UK & European) as well as the express instructions of the Financial Conduct Authority, in this matter. The Royal Bank of Scotland has failed to respond, communicate or engage (in this example) to 50+ letters sent to several members of staff and directors incl CEO Alison Rose since 2012. The Royal Bank of Scotland has been offered several offers of resolution and has effectively rejected each one. The Royal Bank of Scotland has no right to destroy the lives of innocent & vulnerable people especially one example who at 65+ years and with no income, no savings and no pension has had his life destroyed by their ruinous business practices. The Royal Bank of Scotland has Stolen Lives; they are Poverty Makers and have consistently and have and are deliberately grinded people into financial servitude via this abhorrent social injustice. The case against the Royal Bank of Scotland is the subject of further forensic investigation.