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The Latest Breaking News from FCA

San Jose Unified School District Likely Discriminated Against Fellowship of Christian Athletes, Based on …

the FCA's requirement that leaders "abide by a Statement of Faith, which includes the belief that sexual relations should be limited within the context of a marriage between a man and a woman" -- so holds a Ninth Circuit's panel.

Reason

Where will struggling households turn to after UK clampdown on payday lenders?

Market once dominated by Wonga has halved but some industry figures say there could be role for more tightly regulated sector

The Guardian - UK

Crypto crash: how a teacher’s dream investment turned into a nightmare loss

Small-scale investors left counting the cost this year after value of digital assets fell off a cliff

The Guardian - UK

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Jacob Rees-Mogg to sell London offices as civil servants work from home

Minister had urged staff to go into office and attacked FCA over working from home

The Guardian - UK

City regulators clear HBOS ex-bosses of misconduct over bank’s near-collapse

Watchdogs say six-year investigation had determined no grounds for action against unnamed individuals

The Guardian - UK

Amigo customer numbers halve in a year

Company enforced self-imposed market pull back two years ago after FCA run in

Evening Standard

Doorstep lender Morses Club sinks to £43m loss as claims surge from borrowers

The firm said its status as a viable business in the months ahead relied on a slowdown in the number of claims being made

Evening Standard

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Citigroup hit with £12.6 million fine by main City market watchdog

FCA finds the bank failed to reach requirements on surveillance to identify market abuse

Evening Standard

City watchdog warns buy-now-pay-later firms to follow rules on social media promotions

Why it could be time for TikTok stars to brush up on the UK’s rules covering financial advertising

Evening Standard

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

The Guardian - UK

‘Buy now pay later’ adverts could be misleading consumers, watchdog warns

The ads could fail to warn people of the risks of taking on debt they cannot afford to repay, the FCA said.

The Independent UK

Liz Truss derided for ‘dangerous’ reported plan to merge UK financial regulators

Ex-business secretary Vince Cable says potential integration of FCA, PRA and PSR, formed after financial crisis, poses systemic risks

The Guardian - UK

BBC Panorama: Man forced to retire early due to ill health loses entire life's savings after investing in fund

“The side effects to some of the medication was horrendous, but losing the money was worse."

Wales Online

Appeals court dismisses GM's 2019 suit against FCA

The U.S. 6th Circuit Court of Appeals has affirmed a federal judge's earlier decision to throw out a racketeering lawsuit by General Motors Co. against Fiat Chrysler Automobiles, now known as Stellantis NV.

Tribune News Service

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Reuters

Explainer-Britain and regulators square up over post-Brexit financial reform

Britain's government proposed a far-reaching financial services law last month to exploit "freedoms" to write its own capital market rules since leaving the European Union.

Daily Mirror

Funeral plan customers set to lose thousands as firm goes bust with huge debts

Customers of Unique Funeral Plans have fading chances of getting their money back, as the company has gone into liquidation owing £680,000 to customers and the taxman

Chronicle Live

Newcastle mum who has been fostering for more than 40 years now helping mothers and their babies

Sheila Ryan began fostering children in 1978 and has now specialised in mother and baby foster placements

The Guardian - UK

Christopher Gent fined £80,000 by FCA for disclosing inside information

UK regulator rules that businessman breached fiduciary duties by sharing ConvaTec information

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news in one place.

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Evening Standard

FCA slaps £80,000 fine on City superstar Sir Christopher Gent

Watchdog finds the former Vodafone CEO disclosed inside information when chair of ConvaTec

Daily Record

New cash loan scam warning for people struggling with money due to cost of living crisis

Three key signs of a loan-fee scam to look out for.

Bristol Post

Bristol pensions provider goes into administration on orders of Financial Conduct Authority

Hartley Pensions was instructed by the UK's financial regulator to stop conducting new business earlier this year

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

Wales Online

Warning over new scam as people turn to loans during cost of living crisis

It relates to a scam where people pay a fee for a loan up front and never receive the money

The Independent UK

Loan-fee fraud warning as scammers prey on financially vulnerable

Scammers may target those on lower incomes, who have lower credit ratings or who have limited access to mainstream credit, the FCA is warning.

Daily Mirror

Down the pan: PLC Ultima plugger Des Amey scarpers to the toilet when confronted by the Mirror

Cryptocurrency PLCu price has plummeted around 90% but investors are still being recruited

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