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The Latest Breaking News from FCA

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

FCA In Settlement Talks Over Excessive Diesel Emissions

The government will not participate in the talks.

Motor1

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read the most diverse news in one place.

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

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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

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.

The Independent 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 Guardian - UK

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.

Evening Standard

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

The Guardian - UK

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

Daily Mirror

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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

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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

Edinburgh Live

Urgent screen sharing scam warning to Scots issued as online meetings targeted

People in Scotland have been issued an urgent warning about a scam which sees criminals take over their devices, thereby giving them access to personal information

Evening Standard

Tech & Science Daily: The huge surge in screen sharing scams

Tech & Science Daily spoke to Mark Steward, Executive Director of Enforcement at the FCA

Daily Record

Criminals using 'screen-share requests' to scam people as Scots urged to be vigilant

The FCA warns Scots to remain scam aware as fraudsters ask for access to computers to see online banking details

Birmingham Post

Hartley Pensions hires new CEO to oversee Bristol jobs creation

The business said it had held ‘positive dialogue’ with the FCA on its current ‘no new business’ restriction

Daily Record

Motor insurance prices drop to their lowest levels in more than six years

A shake-up of insurance pricing in January ended a ‘loyalty premium’ paid by existing customers.

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