Related topic: FCA

Dave Harris, CEO at more2life, says the FCA chief executive's recent comments on later life lending suggest a shift towards judging firms on the quality of their decisions, with fewer...

Sebastian Murphy, group director at JLM Mortgage Services, says if Consumer Duty is to carry more regulatory weight, then it must shape behaviour across the entire mortgage and...

The Tribunal found that it was appropriate for the FCA to impose penalties of £265,071 on Burdett and £47,600 on Goodchild.

Rathi also admitted "modest distress" risks from loosened mortgage lending rules in his latest interview.

The fine was imposed after Howson withdrew his challenge to the FCA’s decision. 

We spoke to Andrew Gething, managing director of MorganAsh, about the progress of financial services in embedding the principles of Consumer Duty, how firms can improve their...

The proposals would also introduce a new FCA permission regime for firms wishing to act as principal. 

The FCA's roadmap is grouped into four themes: expanding access for first-time buyers, enhancing later life lending, enabling innovation, and protecting vulnerable customers.

Housing remains one of the few consistent bright spots in a subdued UK economy, the Association says.

20% of UK consumers (10.9 million adults) have used BNPL and the market will be subject to Consumer Duty rules from July.