The Latest Breaking News from Sheldon Mills

New rules proposed to strengthen protections for struggling borrowers

The Financial Conduct Authority is proposing to make requirements for lenders that were put in place during the pandemic permanent.

The Independent UK · May 25, 2023

More than 10 million UK adults struggling with bills and credit repayments

Number admitting to struggle grows by 3 million in one year

The Independent UK · May 16, 2023

More than 10 million UK adults struggling with bills and credit repayments – FCA

Around 5.6 million adults were estimated to have missed bills or loan payments in at least three of the previous six months, the FCA said.

The Independent UK · May 16, 2023

Six in 10 UK adults struggling to keep up with bills – City regulator

Around 31.9 million people, or 60% of UK adults, were estimated to be finding it a heavy burden or somewhat of a burden, FCA research found.

The Independent UK · Oct 20, 2022

FCA updates guidance for banks considering branch or ATM closures

The industry must make sure they are supporting people and businesses who rely on cash and banking services, the Financial Conduct Authority said.

The Independent UK · Oct 11, 2022

Proposals to reform flats insurance market set out by City regulator

The FCA will will consult on measures to improve transparency for leaseholders about the price of their insurance.

The Independent UK · Sep 21, 2022

‘Equality is personal for me’: UK watchdog frontrunner faces whispering campaign

Sheldon Mills, the crusading lawyer and chair of Stonewall, is being targeted over trans issues as he runs to lead the Competition and Markets Authority

The Guardian - UK · Jul 27, 2022

Bosses at City firms could face fines for failing to prioritise consumers

FCA’s new rules are expected to help reduce call wait times, end rip-off charges and make it easier to change investments

The Guardian - UK · Jul 26, 2022

Financial watchdog urges consumers struggling with rising prices to seek help

Sheldon Mills, executive director of consumers and competition at the FCA, told the PA news agency the organisation and lenders have to be proactive.

The Independent UK · Jul 5, 2022

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’.

The Independent UK · May 6, 2022