UK FCA intervenes to restrict debt collection on disguised remuneration scheme loans

The UK Financial Conduct Authority has intervened after Ethica Resolve Limited demanded repayment of loans tied to disguised remuneration schemes. Ethica, acting for West 28th Street Limited, has agreed not to demand payment or seek default judgments while regulatory and legal issues are resolved. Affected consumers do not need to pay at this stage but should not ignore formal court documents.