EXPLAINED: 7 | Vintage Vibes

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 · Mar 20

Regulator to review later life mortgages as Britons face retirement shortfall

About two in five people are currently undersaving for retirement

The Independent UK · Mar 20

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 · Mar 20

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 · Mar 18

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 · Mar 17

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’.

Evening Standard · Mar 17

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

The Guardian - UK · Mar 17

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 · Mar 16

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

Look out for the crispy veal sweetbread burger

Evening Standard · Mar 13

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.

Evening Standard · Mar 13