The Latest Breaking News from FCA

FCA plans to allow lenders longer to respond to car finance complaints

Firms could get up to a year to respond to mis-selling complaints after shock court ruling last month

The Guardian - UK · Nov 21, 2024

Santander puts aside £295m for car loan mis-selling

Lower third-quarter profits reported alongside first estimate of financial fallout from loan mis-selling scandal

The Guardian - UK · Nov 20, 2024

Many will be vulnerable to ‘loan sharks’ without regulations, Labour MP says

Stella Creasy criticised the Government’s plan to implement the regulations in 2026, claiming they should be put in place sooner.

Evening Standard · Nov 18, 2024

UK watchdog to urge Supreme Court to act quickly in car finance mis-selling case

The Financial Conduct Authority also said it was preparing to give lenders more time to deal with an expected flurry of customer complaints.

Evening Standard · Nov 13, 2024

New probe launched after car dealers got busted charging secret commission – here’s what it could mean for you

Finance companies had been charging secret commissions, called discretionary agreements

The Independent UK · Nov 13, 2024

NatWest blocks apps including WhatsApp from work devices

The British bank said it wants its employees to stick to ‘approved channels’ for work-related communication.

Evening Standard · Nov 12, 2024

Metro Bank fined nearly £17m for failure to monitor potential money laundering

Problems were raised by junior staff three years before they were completely resolved, says FCA

The Guardian - UK · Nov 12, 2024

Metro Bank fined £16.6m for failings over money laundering checks

The lender, which has about three million UK customers, failed to check for money laundering on millions of transactions up to 2020.

Evening Standard · Nov 12, 2024

UK grocery inflation picks up to 2.3%; unemployment rises while regular wage growth slows – as it happened

Consumers started their Christmas shopping early, Kantar says; UK jobless rate rises to 4.3% while wage growth excluding bonuses is at a two-year low

The Guardian - UK · Nov 12, 2024

FTSE 100 Live 12 November: Vodafone and AstraZeneca results fail to revive shares, Metro Bank fined £16m

Cracks are appearing in the labour market after the unemployment rate today rose to 4.3%.

Evening Standard · Nov 12, 2024