A cross-party committee of MPs has launched a scathing attack on the Financial Conduct Authority, claiming its car finance redress scheme favours lenders over consumers in a multi-billion pound mis-selling scandal.
Pressure mounts on UK car finance providers as consumer groups demand billions be pulled from lenders embroiled in discretionary commission scandals, mirroring the PPI crisis.
Millions of British drivers face fresh injustice as the FCA's proposed redress scheme for mis-sold car finance could shortchange victims by billions. Exclusive analysis reveals how the regulator's plan might benefit lenders over consumers.
The Financial Conduct Authority is embroiled in a High Court battle as market participants accuse the regulator of catastrophic misjudgment in its controversial bond reporting reforms.
UK financial watchdog reveals serious concerns about conflicts of interest and unsustainable borrowing practices among wealth management consolidators, warning of potential consumer harm.
Despite mounting concerns over a potential £16bn motor finance mis-selling scandal and fraud allegations reminiscent of Madoff, London's banking shares demonstrate remarkable resilience with significant gains across the sector.
Santander UK issues stark warning that massive compensation payouts for car finance mis-selling could threaten thousands of British jobs and hamper economic growth.