BIZARRE: 7 - You Need To See This

Could you be entitled to a payout after court ruling on car finance?

After ‘secret’ commissions paid to dealers by lenders were ruled unlawful, billions might be available in compensation

The Guardian - UK · Oct 31, 2024

Wise boss Kristo Käärmann fined £350,000 by City watchdog over tax blunder

Fintech boss failed to tell the FCA about his earlier fine from HMRC for failing to disclose a CGT liability

Evening Standard · Oct 28, 2024

Wise boss fined £350,000 over failure to report ‘significant tax issue’

The Financial Conduct Authority said Kristo Kaarmann failed to initially notify the regulator about a previous tax issue and fine.

Evening Standard · Oct 28, 2024

TSB fined £10.9m for ‘woeful’ systems leaving customers at ‘risk of harm’

The Financial Conduct Authority said the bank had inadequate processes between 2014 and 2020 for customers in arrears.

The Independent UK · Oct 10, 2024

Minister urges UK financial regulator to rethink ‘naming and shaming’ plan

Tulip Siddiq says she will make a decision after Financial Conduct Authority reports back to her

The Guardian - UK · Sep 24, 2024

Watchdog warns of ‘uphill battle’ without better financial education in schools

Nikhil Rathi, chief executive of the Financial Conduct Authority, called for action to tackle the ‘root causes of financial exclusion’.

The Independent UK · Sep 19, 2024

Nationwide to complete £2.9bn Virgin Money takeover next month

The lenders have received approval from the Financial Conduct Authority and the Bank of England’s Prudential Regulation Authority.

The Independent UK · Sep 6, 2024

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 · Sep 4, 2024

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 · Aug 28, 2024

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 Independent UK · Jul 23, 2024