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The Latest Breaking News from FCA

FCA pleads guilty in emissions fraud case, to pay $300M total in settlement

DETROIT — The U.S. division of Stellantis NV on Friday pleaded guilty for cheating on government emissions testing on Jeep and Ram vehicles and will pay a total of nearly $300 million in penalties and forfeitures.

Tribune News Service

Warning over pre-pay funeral plans after Safe Hands collapse

Watchdog warns families to be careful about buying plans until pre-pay funeral industry is regulated later in the year

Chronicle Live

Couple fear they have lost £60k after investing in Edinburgh businessman

Chris Sheppard and his wife Elaine invested gave the money to businessman Michael Haston, who was once at the centre of a fraud investigation and has warnings placed on him by the FCA

Edinburgh Live

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Car insurance firms use loopholes to keep costs high for loyal customers

It is banned from charging more for renewals than new deals, but the industry still has some tricks up its sleeve

The Guardian - UK

Safe Hands customers warned they will lose most of their cash after firm collapsed

45,000 elderly people were told to expect only 10% of their cash back, after the pre-pay funeral company went into administration in March

Chronicle Live

UK finance watchdog looks to relax rules to boost London listings

Changes are aimed to attract ‘high quality, growth’ firms such as biotech companies

The Guardian - UK

Five ways employers can now check up on you and they're all legal

Bosses can run different types of background check on future employees

Liverpool Echo

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FCA In Settlement Talks Over Excessive Diesel Emissions

The government will not participate in the talks.

Motor1

FCA Will Plead Guilty In Emissions Fraud Probe, Pay $300M Fine: Report

The multi-year investigation focused on Ram trucks and Jeep SUVs with diesel engines.

Motor1

Fiat Chrysler Accused Of Cheating Emissions In 100,000 Diesel Vehicles

The Jeep Grand Cherokee and Ram 1500 diesels are part of the near 104,000 vehicles affected.

Motor1

Five types of background check an employer can run on you

Different checks will give access to different types of personal information about you and your past

Wales Online

Douglas Ross criticises 'tone deaf' banks over access to cash

Scottish Conservative leader grills Economic Secretary in committee session on action taken to stem closures of branches and ATMs

Insider UK

Customers of failed funeral firm Safe Hands warned they will lose 90% of their cash

Safe Hands left 45,000 customers in the lurch when it went into adminstration in March, and now Brits have been told to expect to lose most of their money - as well as their funerals

Daily Mirror

UK Government grants FCA new powers to ensure access to cash

Scottish Affairs Committee due to grill Economic Secretary John Glen in a final evidence session of its Access to Cash inquiry

Insider UK

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The Guardian - UK

City watchdog to ensure banks provide access to cash across UK

Regulator could fine banks failing to offer withdrawal and deposit facilities within ‘reasonable’ distance

The Independent UK

City regulator will have new powers to help protect cash access

Banks will be subject to Financial Conduct Authority powers to ensure cash withdrawal and deposit facilities are available in communities.

Evening Standard

How to buy SafeMoon

SafeMoon (SFM) is a cryptocurrency on the Binance Smart Chain blockchain and is headed by John Karony, a former US Department of Defense analyst.

The Guardian - UK

Funeral plans: government urged to set up fund for victims of failed providers

Recent collapse of funeral company Safe Hands left 46,000 customers facing losses

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Daily Mirror

Billions wiped off Bitcoin and Ethereum as cryptocurrencies hit by huge overnight crash

The UK financial watchdog has urged Brits to be cautious as cryptocurrency values crash overnight following stalling stock markets and the shock performance of Bitcoin

Evening Standard

Interactive Investor boss Richard Wilson says FCA ‘fumbled the ball’ on ‘hostage’ exit fees

The boss of Britain’s second biggest investment platform has accused rivals of taking customers “hostage” by charging high exit fees that trap them.

The Independent UK

Financial advisers fined £1m for advice which cost customers £50m

Two thousand customers were affected by the flawed advice they were given by five men.

The Independent UK

Firms should not be exploiting cost of living crisis in marketing, warns FCA

The regulator has written to nearly 28,000 consumer credit firms, warning them not to use terms such as ‘no credit checks’ and ‘loan guaranteed’.

Chronicle Live

Cruel screen-sharing scam cost victim £48,000 - how to avoid making same mistake

The Financial Conduct Authority (FCA) says more than £25 million has been lost since January 2021

Glasgow Live

Klarna shoppers warned as payment history to be reported to credit agencies

Starting from June 1, buy now, pay later company Klarna will begin reporting UK shopper debts to credit agencies for the first time — which could be bad news for those who miss payments

Daily Mirror

Millions of home workers warned over screen-sharing scam that could access bank accounts

The surge in the cyber attack comes as more people rely on video-conferencing and remote platforms for work - as well as online socialising through platforms such as Zoom

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