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They cannot seek legal redress to get the badge removed.
Defamation can ruin lives; it is right that the law should offer redress to the wronged.
Payday lender Cash Genie has been forced to pay £20m redress to ripped-off borrowers.
It gave redress to children when UK law still permitted corporal punishment in schools.
Guardians are put in an automatically insecure position, with no redress to the property owner".
Clydesdale is now reviewing all PPI complaints handled before August 2014 and will pay redress to any affected customers.
About £70m was used to pay redress to its own customers and £460,000 to customers of other banks.
But it has not offered any similar redress to UK consumers – a position that the committee described as "deeply unfair".
However, we support the proposal for cheap, effective arbitration, which would help victims get swift redress to their complaints.
The agreement with the FCA states that the lender must identify and pay redress to all affected customers.
We expect all firms to notify us of any unacceptable past or current practices and provide appropriate redress to anyone affected".
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