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BIZARRE: 6 | Mind Blowing Facts

'Very significant privacy concerns': UK hands over financial regulation data to Palantir to help tackle financial crime

The FCA is giving Palantir a three-month trial to see if it's the right partner to work on processing the body's huge amounts of data.

TechRadar

MPs urge UK government to halt contract giving Palantir FCA data access

Awarding US spy-tech company deal involving sensitive financial data is ‘huge error of judgment’, Liberal Democrats say

The Guardian - UK

Should you trust financial influencers?

LET’S UNPACK THAT : Social media is awash with creators telling you where and how to invest your money. As the stock market wobbles at the same time Rachel Reeves is encouraging savers to invest in shares, Lydia Spencer-Elliott explores who to trust – and how to spot the red…

The Independent UK

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Palantir extends reach into British state as it gets access to sensitive FCA data

Exclusive: Allowing US tech firm to analyse intelligence in name of tackling fraud raises fresh concerns over privacy

The Guardian - UK

Campaign groups rail against Palantir, but the UK contracts keep coming

AI analytics firm has become influential in Whitehall, and FCA deal gives it yet more access to data

The Guardian - UK

FCA investigates collapsed lender MFS amid £1.3bn mortgage scandal

Move follows the granting of a worldwide asset-freezing order on company’s founder, Paresh Raja

The Guardian - UK

Regulator to review later life mortgages as Britons face retirement shortfall

About two in five people are currently undersaving for retirement

The Independent UK

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Later life mortgages to be put under spotlight by City regulator

Lifetime and retirement interest only mortgages could play a greater role in future, the Financial Conduct Authority said.

Evening Standard

UK banks keep £100 limit for contactless card payments despite FCA scrapping it

Banking lobby group says lenders are holding off changes as there is no widespread consumer demand for now

The Guardian - UK

Banks have new flexibilities to set higher contactless card limits in future

Britain’s major banks have said that they will keep the £100 card limit for now.

Evening Standard

When the £100 contactless card limit rule is set to change

IN FULL

The Independent UK

Major £100 contactless card limit rule is set to change — what you need to know

The contactless limit has been changed several times previously

The Independent UK

Contactless card limit rule changes come into force from Thursday

Firms will have new flexibilities to set contactless card limits higher than £100 if they wish to in future under FCA rule changes.

Evening Standard

Lloyds faces questions over ‘troubling’ banking app glitch that showed other users’ transactions

One customer said she was able to see the transactions of six different users over a 20-minute period

The Independent UK

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Evening Standard

Lloyds faces questions from Treasury Committee about recent banking app glitch

Treasury Committee chairwoman Dame Meg Hillier said in a letter that she would welcome a set of responses to the ‘troubling incident’.

The Guardian - UK

Close Brothers banking group to cut 600 jobs and roll out AI ‘at pace’

Specialist lender’s shares plunge after short seller claims it will have to raise provision for car finance scandal

Evening Standard

Ombudsman service shake-up ‘will help fast and fair response to consumer gripes’

Legislation will be brought forward to reform the legislative framework that governs the Financial Ombudsman Service.

Evening Standard

Tavern: Team behind Michelin-starred St Barts to open British bistro in Old Street

Look out for the crispy veal sweetbread burger

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Evening Standard

Firms improving consumers’ understanding with FAQs and videos, FCA finds

Financial services firms are using tools to help customers absorb information at their own pace, the Financial Conduct Authority said.

Motor1

Sketches Show Alfa Romeo Models That Never Made It, Including A Miata Clone

Back in 2013, when Sergio Marchionne was still at the helm of FCA, the company announced that, through an agreement with Mazda, Alfa Romeo would develop a new roadster based on the Mazda MX-5—a modern revival of the legendary Duetto.

Evening Standard

Standards in the second charge mortgage market need to be improved, says FCA

Second charge mortgages are often taken out by people already carrying high levels of debt, who then roll those debts into a new loan.

The Guardian - UK

Time for UK regulators to act against Saba Capital’s siege tactics

The FCA should bring in new rules to protect investment trusts from overaggressive activist investors trying to take control

The Guardian - UK

Crispin Odey was described as ‘sex pest’ by head of his hedge fund, court hears

Multimillionaire begins case against FCA ban over handling of investigation into sexual misconduct claims

The Independent UK

What changes are the FCA making to credit score files and what does it mean for you?

Your file contains borrowing history and three major agencies carry details on how you handle money

Evening Standard

Millions face longer wait for payouts under motor finance redress scheme plans

The FCA is set to give lenders a three-month implementation period to make redress, with up to five months for older agreements.

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