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Co-operative Bank Financial Advisers Limited

Financial Ombudsman decision DRN4301386 Upheld

Upheldoutcome, as published by the Ombudsman
£320redress stated in the decision
Wed May 27deadline to accept (not the decision date)

The Ombudsman does not print a decision date. The date above is the deadline the consumer was given to accept or reject the decision, which is set about a month after it was issued. It is reliable to the year, not to the month.

What this decision was about

Unauthorised transaction, Credit file reporting

In the Ombudsman’s words

Mr W complains The Co-operative Bank Plc won’t refund him money that was transferred out of his account. He says he didn’t agree to anybody making these transfers on his behalf.Unauthorised transaction
remove any adverse information it had reported to any fraud prevention agency or credit reference agency regarding the transfers that it is now required to refund.Credit file reporting

Rules cited

Payment Services Regulations 2017

Source

This page summarises the Ombudsman’s published final decision. The document itself is the record: DRN4301386.pdf on financial-ombudsman.org.uk.

The outcome shown is the Ombudsman’s own published classification, not our reading of the text. Nothing here is legal advice, and a decision concerns only the complaint it was made about.