Finance News – Fos
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Motor finance drags FOS complaints to highest since PPI scandal
The rise in complaints related to motor finance significantly contributed to a substantial increase in overall cases handled by the Financial Ombudsman Service, reaching levels not...
Read Full Article →City minister opens door to weakening banks ombudsman
The potential reduction of authority for the Financial Ombudsman Service may impact how consumer disputes are resolved, influencing the regulatory environment and operational risks...
Read Full Article →Revolut, Monzo and Wise: The UK fintechs slapped with the most complaints
Recent statistics indicate that several leading UK financial technology companies have experienced a notable volume of customer grievances, highlighting challenges they face as the...
Read Full Article →Banking complaints rocket amid motor finance backlash
The sharp increase in customer grievances during late 2024 highlights growing challenges within financial services, potentially impacting consumer trust and prompting closer regula...
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