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FCA warns businesses to stop misleading credit adverts to protect consumers
The FCA is warning lenders and brokers to stop using misleading terms in their advertising or face regulatory action. -
North East Warrington Credit Union enters administration
FSCS will return members’ money within 7 days from when the credit union was declared in default. -
'Sharing my screen cost me £48,000' – half of investors would miss signs of screen sharing scam as FCA warns of 86% increase
The FCA launches latest ScamSmart campaign aimed at raising awareness of increasingly sophisticated investment scam tactics. -
Greenlight Credit Limited (trading as Varooma) enters administration
On 3 May 2022, Greenlight Credit Limited, trading as Varooma, went into administration. Martin Charles Armstrong and Andrew Richard Bailey of Turpin Barker Armstrong were appointed as Joint Administrators. -
FCA makes senior hires
As the FCA continues its transformation, it has recruited three experienced individuals to its senior leadership team. -
FCA stops Alexander David Securities Limited disposing of assets without permission
The FCA has imposed requirements on corporate advisory firm, Alexander David Securities Limited (ADSL), which means it must not dispose of any assets without the written consent of the FCA. Since 29 June 2020, ADSL has not been permitted to -
City of Plymouth Credit Union Limited enters administration
City of Plymouth Credit Union (CPCU) Limited was placed into administration on Wednesday 27 April 2022 and has now stopped trading. -
FCA announces asset retention rules for British Steel advice firms
The Financial Conduct Authority (FCA) is using emergency powers to prevent financial advice firms, who advised members of the British Steel Pension Scheme (BSPS), from disposing of assets to avoid paying compensation. -
Vector Wealth Ltd enters administration
We set out the steps Vector Wealth Ltd customers can take and advice on how to protect against scams by fraudsters claiming to be acting on behalf of the administrators. -
FCA review finds weaknesses in some challenger banks’ financial crime controls
FCA review found that challenger banks need to improve how they assess financial crime risk, with some failing to adequately check their customers’ income and occupation.