The FCA has received four legal challenges to its motor finance scheme: one from Consumer Voice (a limited company), represented by Courmacs Legal Ltd; and three from lenders – Volkswagen Financial Services, Mercedes Benz Financial Services, and Crédit Agricole Auto Finance.

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Source: FCA
Date: 1 May 2026

The FCA is launching a review of the claims management market, following concerns that consumers are being failed by some claims management companies (CMCs) and law firms.

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Source: FCA
Date: 6 May 2026

Three people have been arrested as part of a crackdown on suspected illegal financial promotions.

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Source: FCA
Date: 1 May 2026

The FCA has published an independent assessment report prepared by KPMG on proposals to lead the establishment of a future open banking standards-setting body.

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Source: FCA
Date: 1 May 2026

Nikhil Rathi, FCA Chief Executive, gave a speech at the Association of Foreign Banks (AFB) luncheon. He said the FCA is a reform-minded regulator: open, responsive and willing to make changes at pace to support UK competitiveness, while maintaining the high standards on which market confidence relies.

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Source: FCA
Date: 30 April 2026

This research note explores the potential trade-off between the standardisation and comparability provided by a rules-based regulatory approach and the effects on consumer understanding of the more flexible, outcomes-focused Consumer Duty.

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Source: FCA
Date: 28 April 2026

Sarah Pritchard, FCA Deputy Chief Executive, gave a speech at the BSA Annual Conference, Edinburgh.

She said the FCA wants to support growth and help consumers navigate the financial decisions that shape their lives. Sarah added that FCA rules already require firms to support consumers facing financial difficulty. But as cost-of-living pressures persist, the regulator is monitoring the data closely for early warning signs.

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Source: FCA
Date: 28 April 2026

The Money Charity has published its statistics for April. The figures highlight that

• inflation was 3%
• the average credit card debt per UK household was £2,743 in February
• the total unsecured debt per UK adult was £4,476
• the total debt, secured and unsecured, per UK household was £67,328.

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Source: The Money Charity
Date: 30 April 2026

The Bank of England (BoE) has published its latest Money and Credit statistics for the month of March. The key figures highlight that:

• Net mortgage approvals for house purchases increased to 63,500 in March from 62,700 in February, above an average of around 63,200 over the previous 6 months. Approvals for remortgaging increased to 51,300 in March, from 41,200 in February.
• Net borrowing of consumer credit by individuals slightly decreased to £1.9 billion in March from £2.0 billion in February, slightly above the previous 6-month average of £1.8 billion. Within this, net borrowing through credit cards remained unchanged when compared to February, at £0.7 billion in March. Net borrowing through other forms of consumer credit (such as car dealership finance and personal loans) was £1.2 billion in March, down from £1.3 billion in February.

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Source: BoE
Date: 1 May 2026