The Latest Breaking News from FCA

About £1bn in car loan compensation at risk because data deleted, lawyers warn

Lenders’ routine purging after six years means details of some car buyers due compensation may have been lost

The Guardian - UK · May 26, 2025

One in ten UK adults have zero savings - while millions suffer under credit card debt

A full 31 per cent of people have under £1,000 saved in case of emergencies

The Independent UK · May 16, 2025

Millions ‘walking financial tightrope’ as one in four adults have low resilience

The Financial Conduct Authority estimates that 24% of UK adults have low financial resilience and one in 10 has no cash savings.

Evening Standard · May 15, 2025

New rules on buying crypto in Britain as FCA aims to ‘protect’ investors

The FCA however maintains its stance that consumers ‘should be prepared to lose all their money’ if they invest in crypto

The Independent UK · May 2, 2025

Meta slowest to remove scam content, says City watchdog

FCA says Instagram and Facebook owner takes up to six weeks to act on warnings about finfluencer posts

The Guardian - UK · Apr 30, 2025

FCA bosses highlight risks of bad advice or fraud from some online influencers

People may lose some or all of their money, the Treasury Committee heard.

Evening Standard · Apr 30, 2025

The Guardian view on City deregulation: a recipe for recklessness

Editorial: The Treasury seems to think relaxing financial rules will boost growth. There’s little evidence for this idea – and every reason to believe it could exacerbate risks

The Guardian - UK · Apr 20, 2025

Cutting business ties with China would be ‘foolish’, Reeves says amid reports of US pressure

Chancellor supports economic ties with Beijing as she prepares to fly to US next week for trade deal talks

The Guardian - UK · Apr 19, 2025

Some banks ‘adding to stress’ of bereaved, warns regulator

The Financial Conduct Authority said some banks and building societies have clear policies and procedures but there are areas for improvement.

The Independent UK · Apr 11, 2025

Shein closer to London IPO after securing watchdog’s approval, reports say

The company has been in talks over an initial public offering (IPO) on the London Stock Exchange over the past year.

Evening Standard · Apr 11, 2025