In recent years, media attention around PPI, or Payment Protection Insurance has increased drastically. For a time, loan providers were delivering this insurance to customers without asking whether they really needed it. Some people even […]
The Financial Conduct Authority (FCA) has today published final guidance clarifying its expectations of firms on the fair treatment of vulnerable customers. The guidance aims to drive improvements in the way firms treat vulnerable consumers […]
Some interesting news from the FCA today. Just under half of the UK population are doing OK during the pandemic, and 14% are actually financially better off. But the survey of 16,000 people revealed that […]
The Financial Conduct Authority (FCA) has fined Barclays Bank UK PLC, Barclays Bank PLC and Clydesdale Financial Services Limited (Barclays) £26 million for failures in relation to their treatment of consumer credit customers who fell […]
As retail empire Arcadia Group faces collapse and heads to the hands of administrators, the invoice insurance business Nimbla estimates that around £250m of invoices owed to Arcadia’s suppliers will go unpaid. This will have a […]
Here’s the latest update from the FCA on the guidance for lenders and authorised credit providers; We said we would keep our support for consumer credit borrowers under review as the coronavirus (Covid-19) pandemic evolved. […]
The latest from the FCA, looking for feedback on new guidance; The Financial Conduct Authority (FCA) has published proposals on how firms should continue to seek to help customers who hold insurance and premium finance […]
The FCA has confirmed measures to ensure that firms provide tailored support for users of certain consumer credit and overdraft products who continue to face payment difficulties due to coronavirus (Covid-19). Many consumers getting into […]
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