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The Latest Breaking News from FCA

Buy now, pay later customers to be refunded after being charged unfair late fees

Clearpay, Laybuy, and Openpay have agreed to voluntarily refund shoppers who cancelled their entire order but were still charged late fees - are you due money back?

Daily Mirror

New rules for buy now, pay later customers

The Financial Conduct Authority (FCA) said it was concerned there was a potential risk of harm to consumers

Wales Online

Buy now, pay later firms making contract terms fairer and easier to understand

The Financial Conduct Authority said it was concerned there was a potential risk of harm to consumers as a result of the way terms had been drafted.

The Independent UK

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Lord Patel: Individuals are trying to ‘delay and derail’ reform at Yorkshire

The club were forced to cancel an extraordinary general meeting on Wednesday night.

The Independent UK

Yorkshire cancelled crucial meeting because it was not ‘properly called’

The EGM is seen as vital in voting through changes to the board structure in the wake of the Azeem Rafiq racism crisis

The Independent UK

Financial Conduct Authority staff back industrial action over pay changes

Members of the Unite union working at the watchdog have voted in favour to go on strike by 87%, the union has revealed, urging the FCA to negotiate.

The Independent UK

UK factory output growth jumps; US job openings rise; record low eurozone unemployment – as it happened

Rolling coverage of the latest economic and financial news

The Guardian - UK

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Peer-to-peer business platform snapped up after FCA approval

The deal has been completed for an undisclosed sum

Birmingham Post

Building safety scandal: Gove orders urgent investigation of ‘crippling’ insurance hikes

Leaseholders have been hit with up to tenfold hikes to premiums in the years following the Grenfell Tower tragedy

The Independent UK

Gove requests review of spiralling insurance for flats with unsafe cladding

Watchdog to establish why premiums shot up for customers after Grenfell tragedy

The Guardian - UK

Cladding: Minister orders probe into ‘crippling’ insurance costs for residents

Michael Gove said the insurance market is ‘failing’ some leaseholders who live in blocks of flats with unsafe cladding.

The Independent UK

UK financial watchdog staff edge closer to strike over pay cuts

Unite union says cost-cutting would turn Financial Conduct Authority into ‘bargain-basement’ regulator

The Guardian - UK

Financial Conduct Authority staff to vote on strike action over pay changes

Unite the Union is balloting members over whether to take industrial action over new pay rules being introduced by the financial regulator.

The Independent UK

Stellantis CEO Complains About Electrification Risks In Europe

Stellantis, one of the largest automotive groups, created by merging FCA with PSA, does not think that the current direction of electrification is right.

InsideEVs

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Evening Standard

M&C Saatchi draws a line under accounting scandal as FCA drops probe

M&C Saatchi today looked to draw a line under its historic accounting scandal once and for all, as a watchdog investigation into the matter ended and it upgraded profit forecasts.

Insider UK

Can crypto really replace traditional financial institutions?

Rising consumer use of blockchain-based technology has seen major banks investigate and invest

Evening Standard

Prince Harry and Meghan used in fake Bitcoin investment adverts

Fake endorsements from the Duke and Duchess of Sussex are being used to promote Bitcoin-related investment schemes on social media.

Evening Standard

FCA cracks down on ‘refer a friend’ crypto offers as regulators circle sector

The City’s top watchdog is tightening its grip on crypto and other high-risk investments as politicians and regulators fret that too many Brits are getting into investments they don’t understand.

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The Guardian - AU

‘Learn lessons from Australia’: consumer groups warn UK against buy now, pay later self regulation

UK government told voluntary industry code ‘woefully inadequate’ at protecting consumers in Australia

The Guardian - UK

Treasury plans crackdown on ‘misleading’ cryptocurrency ads

Move to change law would see assets subject to the same FCA rules as shares and insurance

Birmingham Post

Clampdown announced on misleading cryptocurrency adverts

Under the plans, the promotion of cryptoassets will come under Financial Conduct Authority (FCA) rules

The Guardian - UK

Microsoft to buy Activision Blizzard in $68.7bn deal; UK real wages fall in cost of living crunch – as it happened

Rolling coverage of the latest economic and financial news

Tribune News Service

As Stellantis turns 1, automaker faces two paths

A year after the transatlantic merger that created Stellantis NV, experts say the company is looking at two potential futures.

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