Martin Lewis: 'huge news' for millions of motorists due compensationFCA announces industry-wide redress scheme for car finance miss-selling, streamlining compensation process for affected borrowers.
First time car buyers warned of common finance pitfalls - London Business News | Londonlovesbusiness.comBrits are cautioned about the complexities of car finance due to potential compensations for past overcharges on loans.
Car finance complaints widened to cover leasing deals, giving lenders more time to respondThe FCA extends the complaints deadline to December 2025, now including leasing agreements alongside traditional car finance.
Martin Lewis: 'huge news' for millions of motorists due compensationFCA announces industry-wide redress scheme for car finance miss-selling, streamlining compensation process for affected borrowers.
First time car buyers warned of common finance pitfalls - London Business News | Londonlovesbusiness.comBrits are cautioned about the complexities of car finance due to potential compensations for past overcharges on loans.
Car finance complaints widened to cover leasing deals, giving lenders more time to respondThe FCA extends the complaints deadline to December 2025, now including leasing agreements alongside traditional car finance.
Moody's warns car finance scandal could cost lenders 30bnMis-sold motor finance could cost lenders up to £30 billion in compensation, drawing parallels to the PPI scandal.
FCA says motor finance compensation ruling 'goes too far' as lenders face 44bn claims riskFCA warns against Court of Appeal ruling on motor finance, risking £44 billion in claims and financial chaos.
Moody's warns car finance scandal could cost lenders 30bnMis-sold motor finance could cost lenders up to £30 billion in compensation, drawing parallels to the PPI scandal.
FCA says motor finance compensation ruling 'goes too far' as lenders face 44bn claims riskFCA warns against Court of Appeal ruling on motor finance, risking £44 billion in claims and financial chaos.
Financial watchdog scraps plan to name and shame' UK firms under investigationFCA won't proceed with public naming of firms under investigation due to lack of consensus and governmental pressure.
Peers working for City firms dominate Lords panel scrutinising financial sectorThe new Lords committee on financial services regulation may have conflicts of interest due to its members' ties to the industry.
Car finance mis-selling: millions set to receive automatic compensationFCA plans automatic payouts for motorists affected by car finance mis-selling, eliminating the need for individual claims.
Timid FCA has retreated too far on its name and shame' proposalsThe FCA's proposed reforms for greater transparency were abandoned due to strong lobbying from City firms and concerns over reputational damage.
MPs brand UK financial regulator 'incompetent'UK's FCA criticized by MPs for incompetence and failure to perform, calling for an overhaul.
'I could lose 100K despite Woodford redress scheme'Investors affected by the Woodford Equity Income Fund collapse feel failed by the FCA and demand further investigation into their losses.
Financial watchdog scraps plan to name and shame' UK firms under investigationFCA won't proceed with public naming of firms under investigation due to lack of consensus and governmental pressure.
Peers working for City firms dominate Lords panel scrutinising financial sectorThe new Lords committee on financial services regulation may have conflicts of interest due to its members' ties to the industry.
Car finance mis-selling: millions set to receive automatic compensationFCA plans automatic payouts for motorists affected by car finance mis-selling, eliminating the need for individual claims.
Timid FCA has retreated too far on its name and shame' proposalsThe FCA's proposed reforms for greater transparency were abandoned due to strong lobbying from City firms and concerns over reputational damage.
MPs brand UK financial regulator 'incompetent'UK's FCA criticized by MPs for incompetence and failure to perform, calling for an overhaul.
'I could lose 100K despite Woodford redress scheme'Investors affected by the Woodford Equity Income Fund collapse feel failed by the FCA and demand further investigation into their losses.
Prince Andrew was told Epstein saw Staley as close friend, court hearsEpstein viewed Jes Staley as akin to family, contradicting Staley's statements about their relationship.
FCA risks opening the floodgates 'to riskier lending and systemic instability' - London Business News | Londonlovesbusiness.comFCA's upcoming consultation on stress testing aims to simplify mortgage rules and improve affordability while addressing borrowers' risks.
Crypto Ad Ban In UK A Failure? 50% Still Active Despite RestrictionsThe FCA struggles to enforce crypto advertisement regulations, with only 54% of flagged illegal ads removed.
Crypto Payments Firm BCB Group Was the Subject of an FCA Investigation: SourcesBCB Group's FCA investigation concluded positively, allowing them to expand their UK regulatory footprint.
Crypto Ad Ban In UK A Failure? 50% Still Active Despite RestrictionsThe FCA struggles to enforce crypto advertisement regulations, with only 54% of flagged illegal ads removed.
Crypto Payments Firm BCB Group Was the Subject of an FCA Investigation: SourcesBCB Group's FCA investigation concluded positively, allowing them to expand their UK regulatory footprint.
FCA over-regulation risks choking crowdfunding and harming small businessesFCA's regulations on crowdfunding are reportedly harming investment opportunities for SMEs, risking billions in economic impact.
UK challenger bank Starling hit with 29 million FCA fine for 'shockingly lax' customer checksStarling Bank was fined £29 million for insufficient controls against financial crime, exposing the system to risks from criminals and sanctioned individuals.
Starling Bank fined 29m for shockingly lax' financial crime controlsStarling Bank was fined £29 million for insufficient financial crime controls, allowing risks of fraud and money laundering.
UK challenger bank Starling hit with 29 million FCA fine for 'shockingly lax' customer checksStarling Bank was fined £29 million for insufficient controls against financial crime, exposing the system to risks from criminals and sanctioned individuals.
Starling Bank fined 29m for shockingly lax' financial crime controlsStarling Bank was fined £29 million for insufficient financial crime controls, allowing risks of fraud and money laundering.
UK Regulator Says 87% of Crypto Registration Applications Failed to Meet Standards for ApprovalOver 87% of crypto registrations in 2023-24 did not meet approval standards set by the FCA.
UK Regulator FCA Has Issued Over 1K Warnings to Crypto Firms Since OctoberThe FCA issued over 1,000 warnings to unregistered crypto firms for illegal promotions, resulting in the removal of 48 apps from UK app stores.
Bitcoin ETPs Get Approval to List on the London Stock ExchangeThe FCA approved WisdomTree to list Bitcoin and Ethereum ETPs on the London Stock Exchange, signaling a shift in regulatory stance towards cryptocurrency.
UK Regulator FCA Has Issued Over 1K Warnings to Crypto Firms Since OctoberThe FCA issued over 1,000 warnings to unregistered crypto firms for illegal promotions, resulting in the removal of 48 apps from UK app stores.
Bitcoin ETPs Get Approval to List on the London Stock ExchangeThe FCA approved WisdomTree to list Bitcoin and Ethereum ETPs on the London Stock Exchange, signaling a shift in regulatory stance towards cryptocurrency.
WisdomTree Gets Green Light to List Bitcoin, Ether ETPs on London Stock ExchangeETPs limited to professional investors with 35 basis points fees.