The Latest Breaking News from Financial Conduct Authority

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

Buying crypto is like a game of pin the tail on a donkey

City Voices: Bitcoin is no longer gossip at the school gates

Evening Standard · Jun 24, 2022

Many buy now, pay later customers ‘borrowed money to make repayments’

Government plans law change to bring some forms of unregulated BNPL products into Financial Conduct Authority regulation

Wales Online · Jun 8, 2022

UK to Guarantee Access to Cash as Banks Shut Branches

The UK government on Wednesday said it would legally guarantee access to cash as banks increasingly shut branches in the digital age. "Millions of people across the UK will benefit from new legislation to protect access to cash," the Treasury said in a statement. Under the legislation, the Financial Conduct…

Asharq Al-Awsat · May 19, 2022

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

Chronicle Live · May 6, 2022

Nearly quarter of free-to-use cash machines have gone since 2018

Almost half of bank branches have been earmarked for closure since 2015

Wales Online · Apr 26, 2022

Financial Conduct Authority plans faster response against ‘problem firms’

The watchdog said it was concerned more households could turn to credit lenders during the cost-of-living crisis, which could lead to greater fraud.

The Independent UK · Apr 7, 2022

Thousands of Welsh steelworkers to get compensation over British Steel pension scandal

The new scheme has been welcomed by campaigners

Wales Online · Apr 1, 2022

British Steel pensioners to get £71 million compensation after bad advice

The Financial Conduct Authority said on Thursday it would pay £71 million in compensation to members of a British Steel pension scheme (BSPS) who were wrongly advised to give up their guaranteed pensions.

Evening Standard · Mar 31, 2022

Admiral car insurance review

Established in 1993, Admiral began by specialising in car insurance before eventually expanding into travel, home, pet and van insurance.

Evening Standard · Mar 28, 2022