The FCA has published a letter to trade associations to provide an update in the development of a Future Entity (FE) for open banking. The letter confirms the appointment of KPMG to provide an independent assessment of proposals to establish a standards-setting body for UK open banking APIs that can become the Future Entity.

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Source: FCA
Date: 6 February 2026

The FOS has seen case levels return to volumes last seen in 2023/24. The latest data set shows that it received 400 motor finance commission complaints in the third financial period of 2025/26, compared to 14,400 at the same time last year. This significant drop follows the FCA’s complaint handling pause and its announcement of plans for a redress scheme. The Supreme Court ruling has also enabled the FOS to resolve more than 7,000 motor finance complaints in this quarter.

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Source: FOS
Date: 5 February 2026

The report finds that while new safeguards are essential, they could come with major trade-offs that will directly impact the borrowers who need flexible credit the most.

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Source: Fair4All Finance
Date: 5 February 2026