Regulatory News

This week’s industry news focuses on the FCA’s support for innovative firms through its new Scale-up Unit and the launch of an API giving firms direct access to FCA Handbook data. We also highlight the latest FCA Board minutes, covering the Mills Review and Wider Implications Framework, alongside the Financial Ombudsman Service’s next phase of service reforms, including new dismissal …

This week’s industry news covers the FCA’s reforms to the UK transaction reporting regime, designed to simplify requirements and reduce firms’ reporting costs, alongside new research examining the relationship between regional financial services and economic growth. We also highlight the latest Ombudsman News, the Bank of England’s June Money and Credit statistics, and Fair4All Finance’s 2025 Annual Review, which reflects …

This week’s industry news includes the FCA’s new motor finance complaints campaign, further guidance on Consumer Duty outcomes monitoring, and the next phase of its AI Supercharged Sandbox. We also highlight the Financial Ombudsman’s latest complaints data and leadership appointments, together with The Money Charity’s latest UK debt and money statistics.

This week we cover the FCA’s annual Wider Implications Framework Report, highlighting increased collaboration between regulators to identify and address emerging consumer and market risks. We also report on the continued crackdown on misleading motor finance claims advertising and Fair4All Finance’s new £25 million pilot to expand access to affordable credit through responsible lenders.

This week’s news includes the FCA’s review of product governance under the Consumer Duty, further developments in the motor finance legal challenge, and a series of publications marking the first year of the FCA’s five-year strategy. We also cover the FCA’s latest enforcement activity, board minutes and response to the Cost Benefit Analysis Panel’s Annual Report. Elsewhere, we highlight the …

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The FCA is consulting on changes to the scope and proportionality of the Consumer Duty. The regulator has also given a short update on its review of the High-Cost Short-Term Credit price cap.  In other news, The Bank of England and The Money Charity have both released their monthly statistics.

The FCA has published further information for firms on the motor finance compensation scheme. The regulator has also published a horizon scanning document in relation to emerging technology. Fair 4 All Finance have published a blog post discussing APR.   

The FCA is proposing changes to help more people access mortgages, including first-time buyers, older borrowers and the self-employed. The regulator is also warning consumers about misleading car finance ‘money tips’ claims adverts. In addition, the FCA are also launching an investigation into another claims management company.

The UK Payments Initiative (UKPI) announcement signals a major step forward for open banking and commercial variable recurring payments (cVRP). An FCA review has also found that some firms should be doing more to raise standards around financial promotions. In regards to industry statistics, both the Bank of England and The Money Charity have published their latest monthly figures.

The FCA has published its authorisations operating service metrics for 2025/26 Q4. The regulator has also updated its information on motor finance complaints. In other news this week, the Financial Ombudsman Service has published it annual data for 2025-26, in which it states that over 220,000 cases were resolved in the last year.

The FCA has published the tenth edition of its Regulatory Initiatives Grid. This sets out the planned regulatory initiatives for the next 24 months. The regulator has also launched a market study in order to understand the root causes of practices it has observed by firms in the claims management market, and how they impact competition and consumer outcomes. The …