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14m unfair motor loans due compensation under FCA-proposed scheme
Payouts on an expected 14m unfair motor finance agreements could start next year, under an industry-wide compensation scheme proposed by the FCA. -
Daniel Pugh sentenced to 7 and a half years in prison for £1.3m Ponzi scheme
Daniel Pugh has been sentenced to 7 years and 6 months in prison for running a £1.3m Ponzi scheme, following a prosecution brought by the FCA. -
Regulators join forces to tackle poor claims management practices
The Financial Conduct Authority (FCA), Solicitors Regulation Authority (SRA), Information Commissioner’s Office (ICO) and the Advertising Standards Authority (ASA) are joining together to tackle misleading advertising and inadequate information -
Individual fined for data protection breach and acquitted of fraud offence
An individual has been convicted for breaching the Data Protection Act, but acquitted of fraud and unauthorised business offences, following a prosecution brought by the FCA. -
Over 270,000 motorists to receive £200m in motor insurance compensation after insurers improve their claims processes
Motor insurers have changed their settlement and compensation practices after the FCA found some insurers had short-changed customers on stolen or written off vehicle claims. -
Communities use rules to successfully maintain access to cash
A new banking hub in Monmouth, Wales, has opened, marking the first anniversary of the FCA’s access to cash rules. -
FCA shares proposals to promote good business practices amongst crypto firms
The FCA is seeking feedback on proposals on the minimum standards crypto firms will need to comply with. -
FCA launches £1 million campaign to raise awareness of motor finance compensation scheme
The FCA is launching a campaign to inform motor finance customers that they don’t need a CMC or law firm to access the proposed compensation scheme. -
Proposed contactless changes could increase convenience for consumers
People could benefit from the convenience of contactless payment when making larger payments, under proposals being consulted on by the FCA. -
First court appearance for three ‘finfluencers’ charged in FCA-led global crackdown on illegal promotions
Charles Hunter, Kayan Kalipha and Luke Desmaris have been charged with an offence relating to their social media posts.