ALEX BRUMMER: Interim FCA boss Chris Woolard would boost his long-term job prospects by unveiling some post-Woodford reforms By Alex Brummer for the Daily Mail Published: 21:51 BST, 1 June 2020 | Updated: 21:51 BST, 1 June 2020 The Financial Conduct Authority’s interim chief executive, Chris Woolard, is in overdrive. He has taken command of … Read more
Fiat and Alfa Romeo to waive up to 7 MONTHS of car finance payments if customers lose their job in the next year due to the coronavirus pandemic Third of motorists surveyed say they are interested in buying a new car but are concerned about their job security FCA Group – including Fiat, Alfa Romeo, … Read more
Has your insurer refused to pay after your business closed? You can now engage with the watchdog directly as it prepares to launch court action The FCA is planning to bring the first instance trial to the High Court as early as July, This is Money understands More than a million businesses forced to close … Read more
More than a million businesses forced to close during coronavirus lockdown may know whether insurers will have to pay previously rejected business interruption claims in a matter of months. Earlier this month the City watchdog announced it was seeking a legal judgment from the British courts to clarify whether insurers should pay claims made by … Read more
FCA tells insurers: See you in court, after thousands of desperate firms have their Covid claims rejected By James Salmon for the Daily Mail Published: 21:50 BST, 1 May 2020 | Updated: 21:50 BST, 1 May 2020 Desperate businesses battling to survive the Covid-19 crisis were given a glimmer of hope yesterday as the City … Read more
Borrowers of £48billion in car finance will be able to freeze their payments for three months if they are struggling to cover their installments due to coronavirus, the Financial Conduct Authority proposed today. The city regulator said those who used Personal Contract Purchase, Hire Purchase or Conditional Sale agreements to purchase a car would be … Read more
The Financial Conduct Authority today brought in measures to help people struggling with their finances as a result of coronavirus. Fee-free overdrafts of up to £500 will be available to everyone, customers will be able to borrow more than this if needed, and those with outstanding loans and credit card debts will be offered three-month … Read more
Take out loan to avoid 50% overdraft fees, says City watchdog as it admits changes will leave three in ten bank customers worse off By Hugo Duncan and Amelia Murray For The Daily Mail Published: 21:50 BST, 24 January 2020 | Updated: 10:35 BST, 27 January 2020 Families are being advised to take out loans … Read more
This morning, the Financial Conduct Authority announced proposals to try and help people struggling with their finances as a result of coronavirus. The proposals are subject to a quick-fire consultation and could come into force next Thursday. Banks have already brought in some measures themselves, but the FCA proposals seek to ensure that customers of … Read more
Britons struggling to repay their debts amid the coronavirus crisis could be given £500 interest-free overdrafts and get a three-month freeze on loan repayments under new proposals. The Financial Conduct Authority (FCA) is asking banks to offer anyone unable to repay their overdraft as a result of the virus outbreak £500 interest-free. Anyone hit financially … Read more