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The Latest Breaking News from Financial Conduct Authority

Crackdown on illegal crypto currency ATM operators in Leeds

The Financial Conduct Authority has previously warned operators of UK crypto ATMs to shut down or face enforcement action

Birmingham Post

Watchdog and West Yorkshire police raid crypto ATM operators in UK first

Raids target machines hosted around Leeds believed to be offering to buy or convert traditional currencies

The Guardian - UK

Buy now, pay later firms set for major crackdown under new rules to protect borrowers

A new consultation has launched today and will look at how buy now, pay later (BNPL) products could be brought under Financial Conduct Authority (FCA) regulation

Daily Mirror

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Sub-prime lender Amigo avoids £73m fine after claiming hardship

FCA finds company put customers at high risk of harm by failing to assess whether they could repay loans

The Guardian - UK

“Awful… ineptitude” — what went wrong with the Mayor’s solar power scheme?

The Solar Together scheme was meant to kickstart the capital’s switch to solar power but instead has been beset by delays, leaving many out of pocket and trying to escape the situation. By Anthony France

Evening Standard

Life insurance firm slammed for using killer doctor Harold Shipman in advert

Many have urged the Financial Conduct Authority and the Advertising Standards Authority to take action

The Independent UK

Life insurance firm slammed for 'despicable' ad featuring serial killer Harold Shipman

Life insurance company DeadHappy have been reported to the Financial Conduct Authority as well as the advertising watchdog following their 'absolutely disgusting' Harold Shipman advertising campaign

Daily Mirror

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Life insurance firm slammed for using killer doctor Harold Shipman in advert

Many have urged the Financial Conduct Authority and the Advertising Standards Authority to take action

The Independent UK

TSB fined £48m over IT migration meltdown; UK house prices ‘could fall 5%’ in 2023 soft landing – as it happened

Nationwide says a ‘relatively soft landing’ in housing market is possible, while TSB is penalised for operational failings over botched move to new IT platform in 2018

The Guardian - UK

New research sparks ‘creeping non-acceptance’ concerns about cash

Nearly half of people have recently been somewhere where cash has not been accepted or has been discouraged, according to a survey.

The Independent UK

Santander UK fined £108m over anti-money laundering failings

Financial Conduct Authority found ‘serious and persistent gaps’ in bank’s controls

The Guardian - UK

Insurers warned they must offer fair settlements when cars are written off

The Financial Conduct Authority has seen evidence some people are being offered a price lower than the vehicle’s fair market value.

The Independent UK

Threat to UK financial services watchdogs off the table

Government ‘committed’ to financial regulators says City minister

The Guardian - UK

Suella Braverman referred to financial watchdog over 'insider trading' rules fear

Labour has asked the Financial Conduct Authority to investigate Suella Braverman's email leak after insiders said, in the wrong hands, it could have enabled 'insider trading'. There is no suggestion it was misused

Daily Mirror

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The Independent UK

Labour refer Suella Braverman to financial watchdog over security breach

Tulip Siddiq has asked the Financial Conduct Authority to investigate the leaking of information that led to Ms Braverman’s resignation.

Daily Mirror

Hey Facebook, recognise this advert? Because you should

Scamverts on social media platform show why new laws are needed to tackle £890m crimewave

Chronicle Live

Warning over seven pension scam tactics - from high-pressure sales to unusual investments

The Financial Conduct Authority says a quarter of consumers would withdraw pension savings to cover the cost of living - but there are a number of scams people need to be aware of

Evening Standard

Should you invest in crypto? Always follow these five steps first

Crypto FOMO is real. Surrounded by the noise of ‘rags to riches’ investor stories, chartered financial adviser Emma Fielding shares what to consider before parting with your hard-earned cash

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The Guardian - UK

FCA urges insurers to treat customers fairly amid cost of living squeeze

Financial Conduct Authority asks chief executives to avoid selling unnecessary products and add-ons

Daily Mirror

Yorkshire and chairman Lord Patel face fines for reported breach of financial rules

Yorkshire chair Lord Patel reportedly failed to tell Financial Conduct Authority about potential conflicts of interest and they could be fined

Evening Standard

Labour urges investigation into ‘leak’ of mini-Budget after hedge funds shorted the Pound

Calls come amid reports hedge fund bosses made ‘small fortunes’ by betting that Sterling would fall

The Guardian - UK

Buy now, pay later firms in UK warned over influencer ads on social media

Financial Conduct Authority will take action if posts do not inform consumers of debt risks

Birmingham Post

Hartley Pensions enters administration at request of Financial Conduct Authority

Directors at the Bristol-based self-invested personal pension provider have acknowledged the company is now insolvent

Birmingham Post

Yorkshire IT firms ORIIUM and Pavilion snapped up by iomart Group in £10.5m deal

The Scottish tech firm has acquired the £10m turnover Concepta Capital group

Leeds Live

100 new jobs set to be created in Leeds as Financial Conduct Authority to move into new city centre offices

The financial watchdog will recruit 100 people in the city

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