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The Latest Breaking News from FCA

New buy now pay later regulations will be a wake-up call for lenders

City Comment: Some consumers don’t understand the potential dangerous implications of entering into multiple BNPL agreements

Evening Standard

Research and ‘gut instincts’ helping investors to thwart scammers, survey finds

FCA data suggests £2 million was saved in 2022 by investors who spotted the warning signs and reported to them to the regulator.

The Independent UK

Cost of living: How to improve your household finances by end of the month

A few ways to keep on top of your budget every month if you are struggling with the cost of living

Belfast Live

From analysis to the latest developments in health,
read the most diverse news in one place.

Revolut: can the chancellor’s fintech favourite fix its image problem?

The UK’s would-be ‘Amazon of banking’ run by Nikolay Storonsky has raised alarm over delayed accounts, EU regulatory fines, its co-founder’s Russian ties and issues with staff

The Guardian - UK

Too slow and too secret? Pace of Staley investigation undermines trust

City watchdog’s investigation into former Barclays chief executive’s account of his relationship with Jeffrey Epstein needs resolution

The Guardian - UK

FCA US sees 'minimal risk' but is advising owners to park the vehicles outside until the repairs are made.

The Street

Buy-now pay-later firms to face clampdown under new rules in the pipeline

Government criticised for the time taken to bring legislation to the table amid concerns over more people getting into debt

Chronicle Live

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Crackdown on illegal crypto currency ATM operators in Leeds

The Financial Conduct Authority has previously warned operators of UK crypto ATMs to shut down or face enforcement action

Birmingham Post

Pension firm underpaid members for a decade in 'terrible' breach

Exclusive: Former employees of Cardiff-based Allied Steel and Wire (ASW) will be paid the money owed with interest, says pension provider Wesleyan

Wales Online

Former Barclays boss Jes Staley gets £2.3m pay-off, fight with FCA over Epstein continues

Barclays profits slide on investment bank and litigation woes

Evening Standard

Watchdog and West Yorkshire police raid crypto ATM operators in UK first

Raids target machines hosted around Leeds believed to be offering to buy or convert traditional currencies

The Guardian - UK

“Awful… ineptitude” — what went wrong with the Mayor’s solar power scheme?

The Solar Together scheme was meant to kickstart the capital’s switch to solar power but instead has been beset by delays, leaving many out of pocket and trying to escape the situation. By Anthony France

Evening Standard

Changes to IVA debt rules could save people thousands in fees

Firms to be banned from receiving referral fees under new proposals amid concerns that customers are receiving poor advice

Chronicle Live

Scams: FCA blocks more than 10,000 ads from Instagram, Facebook and YouTube

Financial watchdog warns over rise of ‘fin-fluencers’ targeting younger people on social media

The Guardian - UK

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Evening Standard

FCA cracks down on ‘fin-fluencers’ posting illegal investing advice

Number of ads banned by markets watchdog skyrockets to 8,852 in 2022

Daily Mirror

Brits struggling with debt could save thousands in 'unfair' fees thanks to new rules

Consumers who enter a debt solution which is not right for them can face dire consequences and could force them to stay in debt for much longer

The Independent UK

FCA must increase staff pay or it risks failing public, Unite says

The Financial Conduct Authority is being pushed towards ‘breaking point’ because of the number of staff leaving the business, Unite said.

Tribune News Service

US Virgin Islands seeks Epstein documents from Barclays

The U.S. Virgin Islands asked a U.S. court to order Barclays Plc to turn over documents related to the relationship its former chief executive officer Jes Staley had with sex-offender Jeffrey Epstein.

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The Guardian - UK

TSB staff and bosses to share £29.8m bonus pot after record profits

Bank hails successful turnaround from IT meltdown in 2018 with profits up 16.5% to £182.5m

Insider UK

FCA alleges price fixing between Glaswegian money transfer firms

The financial regulator has issued a statement of objection to the three companies

The Independent UK

Some firms need to step up preparations for new consumer duty – City regulator

New rules come into force on July 31 2023 which will set higher standards of consumer protection across financial services.

Glasgow Live

Lanarkshire foster carer says looking after kids 'changed her perspective on life'

Linda Dickie has been fostering children for nearly 20 years and credits the youngsters for 'changing her perspective on life' and inspiring her with their resilience.

Motor1

GM Asks US Supreme Court To Review Racketeering Case Against FCA

The original lawsuit was filed pre-Stellantis in 2019, and GM's most recent appeal was rejected in August 2022.

Tribune News Service

GM appealing to Supreme Court in case against FCA

General Motors Co. is asking the U.S. Supreme Court to review its racketeering lawsuit against Fiat Chrysler Automobiles, now known as Stellantis NV, according to a filing this month with the high court.

Chronicle Live

Named and shamed: Insurance firms that reject almost half of all claims

One in four claims on average are rejected but insurers argue the real figure is lower as they don't understand their policies

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