Finance News – Fca
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Government to clamp down on ‘buy now pay later’ services such as Klarna and Clearpay
New regulations will require companies offering deferred payment options to assess customers’ ability to repay, aiming to promote responsible lending and enhance consumer protectio...
Read Full Article →One in ten Brits have no cash savings, City regulator says
A recent report indicates that a significant portion of the population may lack sufficient financial reserves to manage unexpected expenses, highlighting potential challenges in pe...
Read Full Article →FCA to rip up insurance rules in drive for growth
The Financial Conduct Authority’s proposed revisions aim to lower operational expenses for insurance companies by removing obsolete regulations, potentially encouraging increased m...
Read Full Article →UK regulator to dilute mortgage lending rules
The UK financial authority plans to adjust mortgage lending criteria to support broader economic expansion, reflecting government efforts to encourage increased lending and stimula...
Read Full Article →Banks called on to slash mortgage borrowing costs
The regulatory body is encouraging lenders to adjust mortgage policies in order to lower borrowing expenses, potentially making home loans more affordable and increasing accessibil...
Read Full Article →FCA promises to go ‘harder and faster’ in reforming financial sector
The FCA’s commitment to accelerating regulatory changes aims to reduce compliance costs and improve efficiency, potentially affecting investment firms’ operational expenses and cli...
Read Full Article →UK preparing to ban consumers from buying crypto with borrowed funds
The UK's financial regulator plans to restrict retail investors from purchasing cryptocurrency with borrowed funds to enhance oversight and respond to the increasing popularity and...
Read Full Article →Meta slowest to remove scam content, says City watchdog
The Financial Conduct Authority highlights concerns over Meta's prolonged response time to remove fraudulent content, potentially impacting investor safety and trust in financial i...
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