MoneySavingExpert News

Financial Conduct Authority

Financial watchdog releases Christmas anti-fraud jingle to help consumers scupper loan fee scammers

The finance watchdog has released a Christmas jingle music video as part of an anti-fraud campaign to help protect consumers from loan fee fraud this festive season.

9 December 2021

Financial firms will have new duty to act in consumers' best interests under sweeping plans

The financial watchdog has proposed sweeping changes that would mean financial service providers give consumers better protection while preventing them from harm before it even happens.

7 December 2021

Prepaid funeral sellers face cold-calling ban as regulator unveils new rules

The Financial Conduct Authority has revealed details on how it plans to regulate prepaid funeral sellers from next summer, with measures including a ban on cold calling, a set penalty-free cancellation period and providers requiring authorisation

8 November 2021

Action needed to protect access to cash and ensure vulnerable people can access financial services, says House of Lords committee

Members of the House of Lords have called on the Government to protect access to cash and to do more to prevent the poorest from being excluded from access to financial services.

24 April 2021

London Capital & Finance investors in line for up to £68,000 payout under new Government scheme - but they won't get back everything lost

Around 8,800 London Capital & Finance (LCF) investors are set to receive compensation of up to £68,000 under a new Government scheme, the Treasury has announced today.

19 April 2021

London Capital & Finance investors given compensation hope under new Government scheme

London Capital & Finance (LCF) investors have been given compensation hope after the announcement that HM Treasury will set up a scheme for those who lost money when the bond firm went bust. It comes as a damning report reveals the firm hadn't been effectively supervised by the financial watchdog

17 December 2020

Barclays fined £26m for failing 1.5 million customers in financial difficulty - and borrowers have been refunded

Barclays has been fined £26 million by the financial regulator over the poor treatment of 1.5 million borrowers who had fallen into arrears or financial difficulties over a period of four years - and affected customers have also been refunded

15 December 2020

Regulator proposes 'tailored support' for mortgage holders once payment holidays end

The Financial Conduct Authority has said firms should consider a range of support options – including waiving or reducing payments – under new proposals to help mortgage customers who are still struggling once coronavirus-related payment holidays end on 31 October 2020

26 August 2020

Regulator to ban interest rate-linked car finance commission

The financial regulator has announced it will ban commission models that give car finance dealers an incentive to raise customers’ costs from next year

28 July 2020

Insurers set to offer payment holidays and premium reviews until October

Measures introduced to help insurance customers struggling during the pandemic are set to be extended until the end of October

24 July 2020