The Latest Breaking News from FCA

Provident confirms payouts for mis-sold loans will hit bank accounts from this week

Customers of short-term lender Provident will be getting back just 4.25% of what they hoped for mis-sold loans, with brands Glo, Greenwood and Satsuma also affected

Daily Mirror · Jul 5, 2022

Experts issue urgent warning amid circulating loan scam targeting 'financially vulnerable'

Experts have issued an urgent warning amid as scam that has been on the go for the last year targeting people who are in need of financial help - many of which have seen hundreds if not thousand being drained from their banks.

Edinburgh Live · Jul 4, 2022

Drivers issued with urgent warning amid car insurance scam 'too good to be true'

There's a well-known saying that if something is 'too good to be true' then there's a good chance that it is and therefore you should avoid it and instead start doing your research - now experts have said one type of scam is on the rise.

Edinburgh Live · Jul 4, 2022

City watchdog opens probe into tax affairs of Wise founder Kristo Käärmann

Company says entrepreneur “intends to cooperate fully” with the investigation.

Evening Standard · Jun 27, 2022

FCA investigates Wise cofounder after tax default

Kristo Käärmann was included on HMRC’s list of deliberate tax defaulters in September 2021

The Guardian - UK · Jun 27, 2022

UK housing market is 'house of cards', says property expert

Average annual house prices in Britain have risen again, new ONS data shows

Birmingham Post · Jun 22, 2022

Martin Lewis warns buy now, pay later crackdown won't protect families from 'bleak winter'

Martin Lewis has hit out at the “painfully slow” process of regulating the buy now, pay later (BNPL) sector. The MoneySavingExpert said families face a “bleak winter” as the new measures to protect people from taking on debt they can’t afford won’t

Daily Mirror · Jun 21, 2022

Mortgage affordabilty tests: Bank of England abandons ‘stress test’ recommendation for mortgage approvals

The change could help some borrowers get loans but strict loan-to-income limits remain in place

Evening Standard · Jun 20, 2022

Martin Lewis frustrated at slow pace of buy now, pay later rules

Government outlines two-year wait for curbs on multibillion-pound industry as consumers face ‘bleak winter’

The Guardian - UK · Jun 19, 2022

UK banks must be more flexible to help struggling borrowers, says City watchdog

FCA calls for payment holidays and waiving interest charges for customers hit hardest by cost of living crisis

The Guardian - UK · Jun 16, 2022