UK regulators step up crackdown on firms chasing cut of car finance payouts Some claims companies shut down, others told to stop taking on clients and misleading ads ordered to be pulled The Guardian - UK · Oct 6, 2025
Christmas on credit: one in seven ‘using buy now pay later to fund festivities’ Nearly half of people find buy now, pay later attractive as a way to spread the cost of Christmas, according to a survey for banking app thinkmoney. Evening Standard · Oct 5, 2025
FCA faces battle over £1m ad campaign rejecting car loan claims firms City watchdog aims to tell drivers they will not need to use companies to apply for share of £18bn compensation scheme The Guardian - UK · Sep 27, 2025
Budding investors warned high-risk products could be behind ‘glossy promotions’ People selling high-risk, unregulated investments often use enticing websites, marketing campaigns and social media promotions, the FCA said. Evening Standard · Sep 26, 2025
One in five people in NI lost their local bank within three years, report says The Finance Committee has delivered a report into the banking landscape. Evening Standard · Sep 23, 2025
Which? super-complaint made over ‘serious failings’ in home and travel insurance The consumer group highlighted customers’ confusion over what is covered by policies and ‘frustrating and substandard treatment’ when people claim. Evening Standard · Sep 22, 2025
BMW sets aside more than £200m for UK motor finance scandal The financial regulator, the Financial Conduct Authority (FCA), is currently consulting on an industry-wide redress scheme. The Independent UK · Sep 22, 2025
Car insurers to pay 270,000 drivers share of £200m compensation FCA review finds motorists were short-changed when their vehicle was stolen or written off The Guardian - UK · Sep 19, 2025
Hundreds of thousands to receive compensation for car insurance claims The Financial Conduct Authority (FCA) said that approximately 270,000 drivers are affected The Independent UK · Sep 19, 2025
Around 270,000 motorists to receive compensation after being ‘short-changed’ Insurers have overhauled their claims processes in line with the Financial Conduct Authority’s Consumer Duty. Evening Standard · Sep 19, 2025
Communities are using rules to successfully maintain access to cash – regulator Monmouth in Wales is the 121st banking hub to open in 12 months, with new Financial Conduct Authority rules having come into force a year ago. The Independent UK · Sep 18, 2025
Why UK savers withdrew £70bn from retirement pots over the last year Some finance experts have urged savers to speak to advisors about their pension pots The Independent UK · Sep 16, 2025
More than £70bn withdrawn from retirement pots in 2024/25 – FCA figures Some finance experts suggested that speculation around potential tax changes could have influenced some pension savers. Evening Standard · Sep 16, 2025
‘A lack of care’: how big companies still fail bereaved customers Those trying to report a death can face bureaucracy, costly delays and other shocking mistakes The Guardian - UK · Sep 15, 2025
Evening Standard · Sep 12, 2025 UK watchdog launches £1m car finance campaign to warn of unnecessary fees The Financial Conduct Authority has brought in influencers to help spread its message to consumers in the coming months.
The Guardian - UK · Sep 12, 2025 MPs raise concerns over Asda’s link to app offering high-interest loans to staff Retailer’s owner has stake in Wagestream, which offers workers loans of up to £25,000
Evening Standard · Sep 11, 2025 Potential contactless card changes could give abusers green light, charity fears Surviving Economic Abuse raised concerns over ‘coerced debt’ but UK Finance said it does not expect immediate changes to the £100 contactless limit.
The Guardian - UK · Sep 10, 2025 Rachel Reeves tells private equity bosses she plans to shut down more regulators Chancellor stopped short of saying which regulators were in government’s crosshairs
The Independent UK · Sep 10, 2025 Contactless card payments could become unlimited under plan to scrap £100 cap The Financial Conduct Authority announced plans to scrap the £100 cap on contactless card payments
The Guardian - UK · Sep 10, 2025 UK contactless payments could go above £100 or become unlimited Financial watchdog says proposals to allow providers to set own limits would be more convenient for shoppers
Evening Standard · Sep 10, 2025 Firms could be given freedom to set their own contactless card limits The contactless card limit has been raised in steps over the years, currently standing at £100.
The Guardian - UK · Sep 9, 2025 FCA warns car finance firms over ‘lost’ data amid £18bn compensation scheme City regulator says it will challenge lenders claiming not to have records about mis-sold car loans
Evening Standard · Sep 9, 2025 Car finance deal compensation could start next year, says FCA boss Nikhil Rathi, chief executive of the Financial Conduct Authority, said he hopes that most payouts to drivers will be made during 2026.
The Guardian - UK · Sep 5, 2025 Reform UK could strip FCA of power to regulate banking if elected Nigel Farage reportedly plans to overhaul rules governing City of London that were introduced after 2008 financial crash