The Latest Breaking News from FCA

Wise boss Kristo Käärmann fined £350,000 by City watchdog over tax blunder

Fintech boss failed to tell the FCA about his earlier fine from HMRC for failing to disclose a CGT liability

Evening Standard · Oct 28, 2024

Wise boss fined £350,000 over failure to report ‘significant tax issue’

The Financial Conduct Authority said Kristo Kaarmann failed to initially notify the regulator about a previous tax issue and fine.

Evening Standard · Oct 28, 2024

Consumers win UK car finance case that could lead to billions in compensation

Judges in test case rule it was unlawful for lenders to pay commission to car dealers without borrowers’ knowledge

The Guardian - UK · Oct 25, 2024

UK watchdog interviews 20 social media ‘finfluencers’ under caution

People interviewed voluntarily as FCA seeks to clamp down on unlawful touting of financial services products

The Guardian - UK · Oct 21, 2024

Finfluencers need to check they are not breaking the law, City regulator warns

Social media influencers must ensure they are not putting their followers’ livelihoods and life savings at risk, the FCA said.

The Independent UK · Oct 21, 2024

Social media influencers warned that they could be breaking the law

The warning comes as 20 unnamed influencers are being interviewed voluntarily by the Financial Conduct Authority

The Independent UK · Oct 21, 2024

Stellantis Selling Its Massive Arizona Proving Grounds

It will end operations at the 4,000-acre facility by the end of the year.

Motor1 · Oct 21, 2024

VW fined £5.4m for mistreating vulnerable UK car finance customers

Company must also pay £21.5m to 110,000 victims after taking vehicles away with little warning

The Guardian - UK · Oct 21, 2024

FCA Recalls Hornet and Tonale for Brake Pedal That Could 'Collapse'

If it happens, the recall notice advises drivers to use the electronic emergency brake to slow down.

Motor1 · Oct 18, 2024

Christmas buy-now-pay-later warning by Money Saving Expert Martin Lewis ahead of new rules

New clampdown on buy now pay later won’t come into force until January 2026

Evening Standard · Oct 18, 2024