Contactless payment limits set for major overhaul
The UK's £100 contactless payment limit is set for a shake-up as banks gain power to set their own caps from March 2026. Discover how this change could affect your daily spending.
Category : Search result: Financial Conduct Authority FCA
FCA plan to double credit unions to fight loan sharks
The FCA launches a plan to expand UK credit unions, offering affordable loans to 2 million members. Campaigners demand a Fair Banking Act to force high street banks to invest and protect vulnerable borrowers from illegal lenders.
£2bn Tax Loophole in Car Finance Scandal Exposed
A major tax loophole will let banks and lenders avoid £2bn in corporation tax on car finance compensation. Ministers are urged to close it. Read the full story.
Labour Launches £2m Fund to Regulate Mutuals Sector
The Labour government launches a £2m fund for a new regulator to oversee mutuals and co-operatives, aiming to boost consumer trust and sector growth. Discover the implications for UK businesses.
Car finance compensation deadline moved to May 2026
Millions of UK drivers could claim up to £700 as the FCA accelerates its car finance compensation scheme. Find out if you're eligible and how to claim for free.
FCA investigates WH Smith over £600m accounting error
City watchdog makes inquiries into WH Smith accounting blunder that wiped £600m off value. Retailer shifts focus to travel hubs after high street sale.
Money Confidence Gap Hinders UK Social Mobility
New research reveals a stark money confidence gap in the UK, where background trumps income. Discover how it affects you and the vital solutions experts recommend.
FCA Warning: £500 Mortgage Notes Are Worthless
The FCA warns mortgage holders against 'golden ticket' promissory notes costing £500+ that fail to clear debts. Struggling borrowers should contact lenders directly for real help.
Bank deposit protection limit rises to £120,000
The FSCS deposit protection limit for UK banks is increasing from £85,000 to £120,000 starting 1st December 2025. Find out what this means for your savings.
FCA calls for stronger grip on tech firms after outage
The FCA warns that the UK must strengthen oversight of critical tech providers like Amazon after a major cloud outage disrupted banks. Read the full analysis.
Starling Bank Faces FCA Probe Over Financial Crime Controls
Exclusive: The digital challenger bank Starling faces regulatory scrutiny as the FCA investigates potential financial crime control failures. Learn how this affects customers and the bank's future.
Bank regulators probe false social media rumours
UK financial regulators investigate coordinated social media campaigns spreading misinformation about bank stability, urging public vigilance against false claims.
FCA's £4bn Car Finance Scheme 'Robbing Victims'
Exclusive: The Financial Conduct Authority's proposed compensation scheme for the car finance mis-selling scandal faces massive backlash for potentially short-changing victims out of billions.
Birmingham Council Bankruptcy: Inside Britain's Worst Council Crisis
Exclusive investigation reveals how accounting failures and political paralysis pushed Birmingham City Council into the biggest local government financial crisis in UK history, forcing devastating cuts to essential services.
Lloyds & Santander Face Treasury Car Finance Probe
Exclusive: The Treasury Committee intensifies its investigation into discretionary commission arrangements, now targeting major banks including Lloyds and Santander over car finance practices.
Lloyds Faces Major Fine Over Spanish Property Scandal
Exclusive: Lloyds Banking Group could face substantial penalties after UK regulators uncovered serious misconduct in its Spanish property investment scheme affecting thousands of customers.
Santander demands government intervention in car finance crisis
Banking giant Santander calls for urgent government action as compensation claims threaten to overwhelm the UK car finance industry, warning of severe market disruption.
£343M WhatsApp investment scam exposed in London
Exclusive investigation reveals how Ibrahim Helmy allegedly masterminded a sophisticated investment fraud through WhatsApp, leaving victims millions out of pocket in one of Britain's most audacious financial crimes.
Woking Council declares bankruptcy with £1.9bn debt
Woking Borough Council faces financial collapse with a staggering £1.9bn deficit, joining a growing list of UK local authorities in crisis. Discover how risky investments and government funding cuts created this perfect storm.
FCA warns of Brexit talent drain threatening City
Exclusive: FCA executive warns of 'serious concern' as financial services professionals leave UK, with new research revealing worrying trends in banking and insurance sectors.
UK Savings Crisis: Investment Scams Surge 42%
Exclusive investigation reveals British savers lost over £1.2 billion to sophisticated investment scams in the past year, with fake cryptocurrency schemes leading the devastating surge in financial fraud.
FCA Under Fire Over Soaring Consumer Complaints
The Financial Conduct Authority faces mounting criticism as consumer complaints against financial firms skyrocket, revealing serious gaps in investor protection and regulatory oversight.
Trustpilot Scam: Fake Reviews Cost Investors Millions
Exclusive investigation reveals how fraudulent investment firms are manipulating Trustpilot reviews to appear legitimate, costing UK investors their life savings. Learn the red flags and how to protect yourself.
UK Banks Investigated Over Motor Finance Commissions
Major British banks including Barclays, Lloyds and Santander face regulatory scrutiny over controversial motor finance commission arrangements that could trigger significant compensation payouts.
Romance Scam Crisis: UK Banks Sound Alarm
Financial authorities warn of sophisticated romance scams sweeping Britain, with victims losing thousands to fake online relationships. Learn the red flags and protect yourself.
Romance Scam Epidemic: Banks Repay Victims
Exclusive investigation reveals UK financial institutions are being compelled to reimburse customers duped by sophisticated romance scams, with new FCA data showing alarming fraud patterns.
Investment Scams Surge 53% in UK, FCA Warns
The Financial Conduct Authority warns of sophisticated fraud operations targeting British investors, with reported cases jumping 53% in a single year.
FCA: Banks need stricter controls against romance scams
The Financial Conduct Authority warns banks must implement stronger safeguards as sophisticated romance scams surge, costing victims millions annually. New regulatory framework expected.
UK regulators slash banker bonus waiting periods
Major regulatory shift allows City bankers to access annual bonuses after just three months as UK continues post-Brexit financial reforms to boost competitiveness.
100+ financial firms move operations abroad post-Brexit
Exclusive: Britain's financial watchdog reveals over 100 companies have moved operations overseas following Brexit, with Dublin and Luxembourg emerging as top destinations for relocating City firms.
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