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MYSTERIOUS: 13 | Mind Blowing Facts

FCA warns car finance firms over ‘lost’ data amid £18bn compensation scheme

City regulator says it will challenge lenders claiming not to have records about mis-sold car loans

The Guardian - UK

Car finance deal compensation could start next year, says FCA boss

Nikhil Rathi, chief executive of the Financial Conduct Authority, said he hopes that most payouts to drivers will be made during 2026.

Evening Standard

Reform UK could strip FCA of power to regulate banking if elected

Nigel Farage reportedly plans to overhaul rules governing City of London that were introduced after 2008 financial crash

The Guardian - UK

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FCA ‘focused on proportionate and workable’ motor finance solutions

FCA chief executive Nikhil Rathi said the body recognised the record keeping challenge for some firms.

Evening Standard

Lenders urged to make mortgage rule changes to help first-time buyers

The FCA is assessing whether there is more that can be done to help first-time buyers

The Independent UK

'Careful easing' of mortgage stress test rules could help more first-time buyers

A measured easing of stress test rules could allow more people into the mortgage market without a significant increase in arrears, UK Finance has said.

Evening Standard

Make Drax wait for its next subsidy deal. An FCA investigation is serious

Ministers should find out what the regulator says before signing away a further £1.8bn of public money

The Guardian - UK

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Is Copy Trading the Future of Investing? Here's What You Need to Know in 2025

Find out if copy trading is legal, profitable, and effective in 2025, plus discover key strategies for safe, compliant, and profitable investing.

International Business Times

Latest Drax inquiry will raise fresh questions about its billions in subsidies

FCA will look at allegation the biomass power station misled investors, and Whitehall, about its wood sourcing

The Guardian - UK

Drax’s shares plunge as City watchdog investigates sourcing of wood pellets

FCA inquiry into biomass power station relates to disclosures and transparency over two-year period

The Guardian - UK

Drax under investigation by City watchdog over biomass sourcing

The probe comes after claims by Drax’s former head of public affairs that the company had misled over its sourcing of wood for biomass pellets.

Evening Standard

‘Pig butchering’ explained as thousands targeted in scam

IN FULL

The Independent UK

Urgent scam warning issued as fraudsters pose as financial regulator

Many vulnerable people were targeted in the scam

The Independent UK

Thousands targeted by fraudsters impersonating financial regulator

The Financial Conduct Authority (FCA) said it received 4,465 reports of scammers pretending to be the watchdog in the first half of the year.

Evening Standard

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International Business Times UK

Major UK Loan Firm Enters Liquidation And Now All Their Customers' Debts Have Been Wiped Out - Are You One Of Them?

FCA urges caution against scams amid cost of living crisis. Contact administrators to confirm debt status and explore safer credit options

The Guardian - UK

Now fraudsters are trying to mis-sell you a car loan payout

Motorists, who could be owed up to £950 if they were mis-sold finance, are being asked by ‘the lender’ for their details. Don’t fall for it

Evening Standard

Cashback concerns raised when people are considering transferring their pension

Some people may not be considering the full financial implications of their decision, the Financial Conduct Authority said.

The Conversation

The car finance scandal proves that the financial sector still has trust issues that need to be sorted

The car finance scandal could have ended up costing UK banks and lenders up to £44 billion in compensation payments. But after the latest court ruling, the expected bill has been reduced to less than £18 billion.

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Fortune

Trump wants Medicare to pay for your Ozempic treatment. Taxpayers may foot the bill for billions in fraud

As lawyers who represent whistleblowers under the False Claims Act, we expect a new era of fraud cases tied to GLP-1 drugs, including Wegovy, Ozempic, and Mounjaro.

The Independent UK

Drivers warned over car finance scammers after court ruling

Drivers could be owed up to £950, the UK’s financial watchdog has said

Evening Standard

Fake motor finance compensation offers being made by scammers, FCA warns

The Financial Conduct Authority is reminding people that it does not currently have a car finance compensation scheme in place.

The Independent UK

Martin Lewis gives major update on car finance scandal with £950 payouts owed

Those who believe they could be affected have now been told what steps to take next

The Guardian - UK

Neil Woodford and his investment firm fined almost £46m over fund failings

FCA also bans former star stock picker from holding senior manager roles and managing funds for retail investors

Evening Standard

Former fund manager Neil Woodford to be banned and fined almost £46m

The FCA said Mr Woodford and his fund business ‘made unreasonable and inappropriate investment decisions’ between July 2018 and June 2019

The Guardian - UK

Will I receive a car loan scheme payout and how much might I get?

Regulator expects to make payments of up to £950 to victims of discretionary commission scandal

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