financial-conduct-authority
FinanceClose Brothers Lifts Motor Finance Charge by About $180 Million
FinanceUK Regulator Vigilant After First Brands, Tricolor Collapse
Lloyds Warns of Bigger Hit From UK Motor Finance Scandal
Lloyds Leads Bank Stocks Higher on Lower-Than-Feared Bill for Motor Finance Scandal
UK Car Finance Industry Faces $11-13 Billion Mis-Selling Hit
Date: October 7, 2025
By Kirstin Ridley and Phoebe Seers LONDON (Reuters) -Britain's motor finance industry is on the hook for 8.2 billion to 9.7 billion pounds ($11 billion-$13 billion) to compensate consumers for unfair...
Ex Co-Op Bank Boss Ordered to Pay Compensation or Face More Prison Time
Date: September 24, 2025
LONDON (Reuters) -Paul Flowers, the former chairman of Britain's Co-Op Bank and a one-time local councillor and church minister, has been ordered to return 184,000 pounds ($247,572) he stole from a...
UK Watchdog Examines 30 Million Car Finance Deals for Compensation Scheme
Date: September 9, 2025
LONDON (Reuters) -Britain's Financial Conduct Authority is scouring 30 million historic car finance agreements to see if consumers are eligible for compensation due to unfair loan terms, the regulator...
Close Brothers Pops 30%, Lloyds Surge After Favourable Motor Finance Ruling
Date: August 4, 2025
MILAN (Reuters) -Close Brothers shares popped 30% at the open on Monday, after a Supreme Court ruling last week on car finance commissions went largely in favour of banks, although it still left them...
British Bank Shares Jump After Supreme Court Ruling on Car Loan Claims
Date: August 4, 2025
By Iain Withers LONDON (Reuters) -Shares in British lenders surged on Monday after a Supreme Court ruling on motor finance claims last week went largely in their favour, although it still left banks...
Potential UK Car Finance Compensation Scheme Would Be Smaller Than Ppi, Says Regulator
Date: August 3, 2025
LONDON (Reuters) -Any future motor finance compensation scheme for consumers in Britain would be substantially smaller than the payment protection insurance (PPI) redress scheme that cost banks tens...