Regulatory News

The FCA has updated its guidance for firms on the motor finance compensation scheme, providing further information to support firms as they prepare for its implementation. The FCA has also published examples of good practice and areas for improvement in the use of AI in financial services. Separately, FCA Chief Data, Information and Intelligence Officer Jessica Rusu highlighted the importance …

The Upper Tribunal will hear legal challenges to the FCA’s motor finance compensation scheme in February 2027. Although the scheme is partially suspended, firms must continue preparing. Separately, Liam Coleman has been appointed permanent chair of the Financial Ombudsman Service for a three-year term, having served as interim chair for the past year.

The FCA has confirmed it will retain the HCSTC price cap at its current level, following broad stakeholder support, and will instead monitor the market using new consumer credit sales data. Its latest survey also shows rising levels of confidence, satisfaction and trust among firms, alongside a strong understanding of Consumer Duty expectations. The FCA has also published its latest …

This week’s industry news covers the FCA’s feedback on firms’ motor finance redress implementation plans, highlighting the need for greater detail around practical delivery. We also highlight new data showing record credit card balances alongside falling repayments and rising missed payments, as well as Energy UK’s warning that household energy debt and arrears could have reached £6 billion.

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.