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FCA fines Lloyds Bank, Bank of Scotland and The Mortgage Business £64,046,800 for failures in mortgage arrears handling
The FCA has fined Lloyds Bank, Bank of Scotland and The Mortgage Business £64,046,800 for failures in mortgage arrears handling. The banks estimate they will have paid £300 million in customer redress. The redress programme is nearly complete. -
Chris Woolard discusses emergency regulation and learning from the coronavirus crisis
Interim Chief Executive Chris Woolard discusses emergency coronavirus regulation and the Business Plan -
Statement on Government support package for debt advice services
The Treasury has today announced [LINK] an extra £37.8 million of funding to provide essential debt advice services and help more people who are struggling with their finances due to coronavirus (Covid-19). -
FCA sets out next steps to improve defined benefit pension transfer market
FCA sets out a package of measures designed to address weaknesses across the defined benefit (DB) transfer market. -
Banks, building societies and credit unions – branch access for essential services update
Banks, building societies and credit unions have made significant efforts to maintain essential services for their customers during the coronavirus (Covid-19) crisis -
FCA confirms guidance for insurance firms on assessing product value
The Financial Conduct Authority (FCA) is today confirming guidance for insurance firms to consider the impact of coronavirus (Covid-19) on the value of their insurance products -
FCA confirms support for customers who are struggling to pay their mortgage due to coronavirus
The FCA has today confirmed the support firms should give to mortgage customers who are either coming to the end of a payment holiday or who are yet to request one. -
Coronavirus (Covid-19) Financial Resilience Survey
We are asking around 13,000 firms to complete a short survey to help us obtain a more accurate view of firms’ financial resilience as a result of coronavirus (Covid-19). -
FCA bars Cypriot firms that used unauthorised celebrity endorsements
The FCA has taken action to stop four Cypriot investment firms from continuing to offer high risk contracts for difference (CFDs) to UK investors -
Update on FCA test case of the validity of business interruption claims
FCA update on progress on its court action on business interruption (BI) insurance policies