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The Independent UK
The Independent UK
National
Simon Neville

Financial Conduct Authority plans faster response against ‘problem firms’

Financial Conduct Authority FCA Nikhil Rathi

The Financial Conduct Authority (FCA) has announced a new strategy to shut down “problem firms” that do not meet basic regulatory standards.

Bosses at the regulator said they are concerned that the cost-of-living crisis could see households turn to lenders in greater numbers to manage their finances.

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