Below is an entry appears in an online consumer forum. It appears that a debtor made a complaint to the Solicitors Regulation Authority about the “collection charge” and the SRA stated that there was not a problem. This entry is dated August 2008, just over a year after the SRA stated that the charges were an unlawful contingency fee. The adjudication follows the entry below. Didn’t the SRA consider it strange that the firm should still be applying the charges and why didn’t it investigate further?
“Received a letter this week from the Solicitors Regulation Authority, basically they do not feel that Weightmans have acted inapropriately, they also say that the charges levied are set by HFC and they are merely acting as their agents in the collection of this debt. They also go on to say that Weightmans is a recognised organisation and do abide by the rules as set. However they would contact them and send a copy of our complaint.
We have written back to them with a copy of the letter received from HFC which clearly states that the levied fees of 14% are applied by Weightmans. Seems that Weightmans in the eye of the Solicitors Regulation Authority are doing nothing wrong which to be honest I totally disagree with.”
Here is what the SRA adjudicated in 2007:
This is also further evidence that the solicitors blamed the bank for the charges and the bank blamed the solicitors.