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The Latest Breaking News from FCA

UK watchdogs agree on ‘action plan’ to prevent consumers being ripped off

Measures are aimed at preventing companies using rampant inflation to hike prices during cost of living crisis

The Guardian - UK

The mortgage crunch: what happens if you fall behind on your home loan?

Lenders have agreed to be more flexible towards struggling mortgage borrowers amid concerns about rising interest rates.

The Week

He lost $340,000 to a crypto scam. Such cases are on the rise

He thought he was investing in cryptocurrency. In fact, he was being swindled out of his life savings. There has been a 900% increase in such cases since the pandemic began, federal regulators say.

WEKU

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Mortgage pressures will not tip UK into wave of repossessions, FCA says

After a meeting between Jeremy Hunt and bankers at No 10, Nikhil Rathi says there will be ‘no repeat’ of 2008

The Guardian - UK

Why are UK banks taking so long to pass higher interest rates on to savers?

Delay is under intense scrutiny from City watchdog – but it may not be simple profiteering

The Guardian - UK

What can you do if you’re worried about paying your mortgage or rent?

Whether a mortgage deal is ending soon, or you’re concerned about keeping up with existing payments, options are available. By Vicky Shaw.

The Independent UK

Starmer says subsidy for mortgage holders not right approach to crisis

The Labour leader said ‘next month it’s going to feel a lot worse’ for homeowners.

The Independent UK

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Labour rule out subsidies for mortgage holders as interest rates rocket

Rachel Reeves has ruled out Labour backing plans that would see subsidies or financial support for mortgage holders, as struggling homeowners brace…

The National (Scotland)

Subsidy for mortgage holders not right approach to crisis, says Labour

Shadow chancellor Rachel Reeves said her plans would instead see banks forced to help homeowners struggling with payments.

The Independent UK

Labour piles pressure on Sunak with plan to prevent ‘mortgage catastrophe’

Shadow chancellor Rachel Reeves says party would force banks to take a range of steps to protect borrowers

The Guardian - UK

Labour would force banks to help struggling borrowers to diffuse ‘mortgage bomb’

Chancellor Jeremy Hunt was accused by his Labour shadow Rachel Reeves of ‘standing by’ as millions struggle.

The Independent UK

Roaming Polansky and the Constitutionality of Qui Tam

Three decades later, the George H.W. Bush SCOTUS strategy finally has three votes.

Reason

The FCA is tying itself in knots on non-financial misconduct

The FCA should pull back and let the police and courts do their work

Evening Standard

Crispin Odey’s hedge fund disbanding after sexual misconduct allegations

Odey Asset Management forced into move by investors pulling funds in response to claims against Tory donor

The Guardian - UK

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TechRadar

Meta urged to act on rising consumer fraud scams

Heightened fraud sees British bank outline steps for Meta to regain control of scams on its platforms.

The Guardian - UK

More women on UK boards but number of female bosses flatlines

Proportion of women on boards of 585 FTSE all-share listed companies rises from 36% to 40%, data shows

Birmingham Post

From Ely in Cardiff to being at the heart of regulating UK financial services

Sheldon Mills was told by a teacher to forget about ever becoming a lawyer

The Independent UK

52% of people with disabilities ‘negatively affected by bank branch closures’

Consumer group Which? carried out research among more than 2,700 bank customers with disabilities.

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news in one place.

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The Independent UK

Crispin Odey brokers review ties over sexual misconduct allegations

Odey Asset Management ‘doesn’t recognise picture of firm painted’ by accusers

The Guardian - UK

Two more major investors cut ties with hedge fund founded by Crispin Odey

Schroders and Canada Life cut ties after 13 women accuse Odey of abuse or harassment over decades, which he denies

The Guardian - UK

UK’s biggest banks urged to increase ‘measly’ savings rates

MPs question why some savers are receiving only 0.25% despite 12 consecutive Bank of England interest rate rises

Insider UK

Government 'as committed as ever to pension dashboards' despite latest delay

New legislative deadline of October 2026 imposed to give more time for the 'complex build'

The Guardian - UK

Crypto ads will need to carry risk warnings under new UK rules

From October, firms will also have to offer new buyers a ‘cooling off’ period before they invest

The Independent UK

Crackdown on firms marketing cryptoassets to be introduced by City regulator

Crypto firms will also have to place appropriate risk warnings in marketing, and a cooling-off period will be introduced under the plans.

The Independent UK

Holidaymakers with medical conditions ‘face barriers to finding the right cover’

More than a third with pre-existing medical conditions had encountered problems buying travel insurance in the past three years, Which? said.

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