The FCA has reminded consumer credit firms of their obligation to regularly review their regulatory permissions to make sure they are up to date and are removed if no longer needed. The FCA has said it expects consumer credit firms to notify it of any material changes...
The Association of British Insurers has published a response to the recent judgement of the Supreme Court on the business interruption insurance test case. ABI general director Huw Evans commented that ‘Insurers have supported this fast-track legal process every step...
The FCA has launched a consultation on its proposals for introducing a price cap on the fees CMCs can charge customers for handling financial products and services claims. Among the key proposals set out in the consultation paper are: Addressing harm to consumers by...
The FCA has published an extensive set of questions and answers on issues relating to its proposed remedies for perceived problems around the pricing of home and motor insurance in the UK. This follows the publication in September last year of the final report on the...
The FCA has updated its guidance to lenders on the treatment of mortgage and consumer credit borrowers experiencing payment difficulties as a result of Covid-19. In November last year, the FCA said mortgage lenders should not enforce repossessions prior to 31 January...
The Competition and Markets Authority (CMA) has reminded private motor brokers and insurers that they need to submit their annual compliance reports by 1 February. Submitting a CMA compliance report is a requirement under the CMA’s Private Motor Insurance Market...
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