FCA censures Admiral over PPI complaint mishandling
The Financial Conduct Authority has publicly censured Admiral Insurance for systematically mishandling PPI complaints, failing to properly investigate claims, and unfairly rejecting customers.
Category : Search result: financial regulator
BOE Governor: EU Rules Pose Material Risk to UK Stability
Andrew Bailey cautions that Brussels' post-Brexit financial regulations could create 'material risk' for the UK, urging for greater cooperation to prevent market fragmentation.
FCA pays £30k after Ombudsman ruling over misleading advice
The Financial Conduct Authority has been ordered to pay compensation after the Financial Ombudsman Service ruled it gave 'unclear and misleading' advice to a customer of Admiral Insurance.
FCC Commissioner Carr slams Jimmy Kimmel over 5G segment
A top US telecoms regulator has launched a scathing attack on comedian Jimmy Kimmel, accusing his show of promoting 'debunked' 5G conspiracy theories and fuelling public fear over critical infrastructure.
Cash Crisis: 53% of UK's Free ATMs Vanish Since 2018
Exclusive investigation reveals Britain's alarming cash access crisis as free ATMs disappear and bank branches shut down, hitting vulnerable communities hardest. Regulatory action demanded.
ANZ Bank fined record £240m for charging deceased customers
ANZ Bank has been hit with a monumental £240 million penalty for a litany of serious failures, including charging fees to deceased customers. The Federal Court condemns the bank's 'widespread' and 'systemic' misconduct.
FCA: UK Finance's Old Tech Poses 'Significant' Risk
The UK's Financial Conduct Authority has raised a major red flag, revealing that a large portion of the nation's finance sector is dangerously reliant on outdated technology, posing a severe threat to operational resilience and consumer protection.
UK Contactless Payment Limit Doubles to £200
The UK's financial regulator, the FCA, has officially confirmed a huge increase to the contactless payment limit, raising it from £100 to £200. This landmark decision promises to revolutionise how Britons pay for their shopping, offering greater speed and
Ofcom probes This Morning after psychic segment backlash
UK media regulator Ofcom is investigating a flood of complaints after ITV's This Morning aired a segment featuring a psychic and a controversial 'energy healer', sparking viewer fury over broadcasting standards.
UK Watchdog Demands Google Break Up Ad Tech Business
The UK's Competition and Markets Authority has issued a landmark provisional ruling, finding Google's ad tech dominance harms competition and consumers. The tech giant now faces the stark choice of a forced breakup or major divestments.
Water companies fined £500k for customer service failures
UK water regulators have slapped two major suppliers with hefty fines totalling over half a million pounds for severe customer service and complaints handling failures, impacting vulnerable households across England.
Anglian Water hit with £2.65m Ofwat penalty
Anglian Water has been hit with a £2.65 million penalty by regulator Ofwat for missing key performance targets on pollution and customer service, impacting millions in the East of England.
NSW regulator lifts order blocking UTS job cuts
The University of Technology Sydney can proceed with its controversial restructure after the NSW regulator lifted its order, despite ongoing union concerns over job losses and transparency.
Forensic Watchdog Failing Wrongly Convicted, Experts Warn
A damning report reveals the Forensic Science Regulator lacks the expertise to properly assess miscarriages of justice, leaving innocent people trapped in prison. Experts demand urgent reform.
Self-Employed Crisis: Millions Without Sick Pay Safety Net
Exclusive investigation reveals how 3.5 million self-employed workers are left financially vulnerable with no statutory sick pay protection amid rising illness rates.
Reform UK to Strip FCA of Banking Powers if Elected
Reform UK announces radical manifesto pledge to abolish the Financial Conduct Authority's power to regulate banks, promising a bonfire of red tape for the financial sector.
Football Regulator Gets Prison Powers for Rogue Owners
UK government passes landmark Football Governance Bill, introducing an independent regulator with powers to impose prison sentences on club owners who break financial rules, aiming to protect clubs from reckless management.
New Football Regulator Can Force Sale of Clubs from Rogue Owners
In a landmark move for English football, a new independent regulator will be granted sweeping powers to force the sale of clubs from unfit owners and block breakaway leagues like the European Super League.
New Rule Lets Banks Hide Signs of Financial Distress
A controversial new regulation permits UK banks to temporarily hide key indicators of financial instability, sparking debate between consumer protection and financial stability.
Rugby Australia's $80m Debt Crisis Puts Future in Jeopardy
Rugby Australia is battling a staggering $80m debt. The upcoming British & Irish Lions tour and a new broadcast deal are now critical to saving the sport from financial ruin.
Why Britain Isn't Ready to Ditch Cash
As the UK races towards a cashless future, a growing movement of consumers, experts, and activists are pushing back. Discover the compelling financial, psychological, and societal reasons why cold, hard cash isn't ready for the history books just yet.
UK's Cash Exodus: The Rapid Rise of the Cashless Society
Exclusive research reveals the UK's rapid shift towards a cashless society, uncovering the regions and demographics leading the charge and those at risk of being left behind.
UK regulator may force Google to sell Chrome browser
The UK's Competition and Markets Authority issues a radical proposal to break Google's dominance, suggesting a potential sale of its Chrome browser to foster competition in the search engine market.
Thousands Lose Life Savings in Australian Super Fund Collapse
Exclusive: A major superannuation fund collapse has wiped out the life savings of thousands of Australians, sparking government scrutiny and a desperate fight for justice. Discover the full story.
Wellness App Offers High-Interest Loans to Low-Paid Workers
Exclusive investigation reveals UK financial wellbeing app targets vulnerable low-wage workers with costly credit products, raising serious ethical concerns about the fintech sector.
FCC Power Struggle: Trump Appointee Blocks Biden Nominee
A major political battle has erupted at the US Federal Communications Commission (FCC), with Trump-appointed commissioner Nathan Simington refusing to relinquish his position, effectively blocking President Biden's nominee and creating a 2-2 partisan dead
Ofcom Investigates 4chan and Kiwi Farms Under Safety Act
Ofcom, the UK's communications regulator, has initiated its first major investigation under the groundbreaking Online Safety Act, targeting the controversial platforms 4chan and Kiwi Farms for potentially hosting illegal content.
FCA Reviews Rules as Top Enforcer Joins Hedge Fund
The Financial Conduct Authority launches an urgent review into its conflict of interest policies after its former head of enforcement, Therese Chambers, takes a senior role at a US hedge fund, raising serious concerns about the City's 'revolving door' cul
Ofgem slams government over delayed energy bill support
The energy regulator Ofgem has issued a stern rebuke to the UK government for its failure to implement a crucial social energy tariff, leaving millions of vulnerable Britons exposed to high bills. Discover the details of the delay and the growing calls fo
Ofgem cuts energy price cap to £1,568 for millions
Millions of UK households will see energy bills fall from July as Ofgem announces a significant 7% drop in its price cap. The new rate of £1,568 marks the lowest level since Russia's invasion of Ukraine, offering welcome relief to consumers.
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