Following the ruling by the Supreme Court, the FCA will on consult on how lenders should consistently, efficiently and fairly decide whether motor finance customers are owed compensation and how much.

The consultation will launch by early October. If the compensation scheme goes ahead, the first payments should be made in 2026.

MORE INFORMATION +
Source: FCA
Date: 4 August 2025

The FCA has written to firms that engage in claims management activities related to motor finance, to remind them to review financial promotions to ensure they comply with the relevant rules.

MORE INFORMATION +
Source: FCA
Date: 31 July 2025

The FCA is proposing AI Live Testing – a practical, collaborative way for firms and the FCA to explore methods to assure AI systems together.

MORE INFORMATION +
Source: FCA
Date: 1 August 2025

The FCA found that the design of some digital loan processes lacks positive friction and excludes information consumers need, for example, on cost. Some examples of good practice and areas for improvement can be viewed here.

MORE INFORMATION +
Source: FCA
Date: 1 August 2025

The third Wider Implications Framework Annual Report, covering the period 1 April 2024 to 31 March 2025 has been published. The report sets out how the framework’s members including the FCA and the FOS worked together during the year.

MORE INFORMATION +
Source: FCA
Date: 29 July 2025

The FCA is changing its rules to better capture non-financial misconduct (NFM) in non-banks, and consulting on whether extra Handbook guidance is needed.

MORE INFORMATION +
Source: FCA
Date: 29 July 2025

Liam Coleman has been appointed interim chair of the FOS. He will take up the role on 10 October 2025.

Liam will chair the Financial Ombudsman’s board until a permanent appointment is made, after the initial recruitment campaign proved unsuccessful.

MORE INFORMATION +
Source: FOS
Date: 28 July 2025