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DARK SECRETS: 23 - The Real Truth

Feds Probe Potential Fire Risks in Hundreds of Thousands of Jeeps

NHTSA has received multiple reports of underhood fires starting with the ignition off.

Motor1

Ram Just Recalled 1.2 Million Pickup Trucks

The recall affects half-ton trucks back to 2019 for problems with the stability control system.

Motor1

Banks warned over denying sex workers business accounts

FCA gives detailed guidance to lenders after hearing lack of access could lead to ‘significant harm’ for individuals

The Guardian - UK

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Banks urged to increase awareness of ‘no frills’ accounts

The Financial Conduct Authority is encouraging account providers to do more to support those who want a bank account but do not have one.

The Independent UK

70% surge in complaints about financial products recorded by ombudsman

Credit cards were the most complained-about product between April and June, the Financial Ombudsman Service said.

The Independent UK

City watchdog raises concerns over £4bn life insurance market

FCA to launch market study into pure protection products to discover if they ‘provide fair value’ to consumers

The Guardian - UK

Financial watchdog to review pure protection insurance market

Around £4 billion was paid out in pure protection insurance claims in 2022, according to the FCA

The Independent UK

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PwC fined £15m for failing to report suspected fraud at City firm

Fine is FCA’s first against an auditor and follows PwC being hit with £4.9m penalty over audit by another regulator

The Guardian - UK

Ford and Chrysler Are the Recall Kings of 2024 (So Far)

Ford just issued four recalls last week. FCA has five since August 1.

Motor1

Government change to workplace pension system could benefit millions

Last year, over £130 billion was saved into workplace pension schemes

The Independent UK

Pension schemes to be rated red, amber or green in plans to improve transparency

The plans aim to give greater transparency over how schemes are performing and cut the number of savers in poor-value pensions.

The Independent UK

U.K. government meets Big Tech—including a16z crypto: ‘Unlike in the U.S., it’s not political’

As crypto remains politicized in the U.S., across the pond, it’s bridging the gap.

Fortune

Bank branch closures, August 2024: full list of UK sites shutting including Lloyds, Halifax and Barclays

A host of big name banks are closing their doors for good at a number of sites around the UK in the coming weeks

Evening Standard

And So It Begins: Stellantis Offers Buyout Packages for US Employees

It's voluntary, but that could change if too few people take the package.

Motor1

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The Independent UK

Consumer duty already having ‘tangible impact’ on customer outcomes

Financial Conduct Authority boss Sheldon Mills was speaking a year after the launch of the measure to improve consumer protection standards.

The Independent UK

Consumer duty applies to older ‘off-sale’ financial products from Wednesday

From July 31 2024, the duty applies to older products that were sold before July 31 2023 and have not been marketed or sold to new customers since.

The Guardian - UK

Insurance costs are soaring – so here’s how my family cut them

Tips and tricks for getting the best deals when renewing home insurance and car cover

The Independent UK

Leaseholders sue over ‘scandalous’ mystery insurance fees taken by freeholders and worth thousands of pounds

Leaseholders to mount High Court battle over ‘national scandal’ of hidden commissions on soaring insurance fees post-Grenfell

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The Independent UK

Treasury ‘confident’ enough coins available without ordering more this year

A Treasury spokesman said there are no plans to alter the mix of coins, after doubts were cast on the future of the smallest denominations.

The Guardian - UK

Future of 1p and 2p pieces in doubt after Treasury orders no new coins

Treasury expected not to place order with Royal Mint in coming years

The Independent UK

Banks closing branches will have to protect customers’ access to cash – watchdog

The Financial Conduct Authority said new rules will come into effect from September 18.

The Guardian - UK

UK banks told to treat politicians more fairly after Farage debanking row

The FCA says financial institutions should not disadvantage people running for office and their families

The Independent UK

Digital wallets and Big Tech put under the spotlight by regulators

A call for information has been issued by the Financial Conduct Authority and the Payment Systems Regulator.

The Independent UK

Savers ‘short-changed’ on easy access accounts that are closed to new business

Customers need to see if they are getting a ‘raw deal’, according to Moneyfactscompare.co.uk, which carried out the analysis.

Evening Standard

Reeves must go beyond FCA reforms to save London listings

City Voices: Dealmakers will pounce on UK listed companies

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