EXPLAINED: Sheldon mills | Vintage Vibes

Boost City regulator’s powers to help protect UK consumers from AI, says watchdog

FCA’s review into how tech will reshape financial services warns about amplified risks of cyber-crime and fraud

The Guardian - UK · Jul 6

AI is set to ‘transform’ financial services by 2030, review finds

The technology could help people manage finances more effectively but fraud threats could also become more scalable and effective, the review said.

Evening Standard · Jul 6

Communities given new powers to help protect access to cash

Residents, businesses, local representatives and charities who feel there is a gap in cash access can request a review under new rules.

The Independent UK · Sep 17, 2024

Consumer duty applies to older ‘off-sale’ financial products from Wednesday

From July 31 2024, the duty applies to older products that were sold before July 31 2023 and have not been marketed or sold to new customers since.

The Independent UK · Jul 30, 2024

Banks closing branches will have to protect customers’ access to cash – watchdog

The Financial Conduct Authority said new rules will come into effect from September 18.

The Independent UK · Jul 23, 2024

FCA warns investment firms over interest earned on customers’ cash balances

The regulator is concerned that some practices may not be offering fair value to customers and may not be understood or properly disclosed.

The Independent UK · Dec 12, 2023

New rules to help maintain cash access set out by FCA

The FCA said its powers will not prevent bank branches from closing, but the rules will have an impact where branches are a key local source of cash.

The Independent UK · Dec 7, 2023

FCA finds significant increase in number of people buying now and paying later

The regulator said it wants to ensure that consumers, particularly those in vulnerable circumstances, have adequate protections.

The Independent UK · Oct 31, 2023

FCA changes rules for insurers of leasehold buildings after Grenfell

Insurance premiums have soared since the fire claimed the lives of 72 people in the London tower block.

The Independent UK · Sep 29, 2023

£250bn sits in accounts earning no interest as regulator tackles poor rates for savers

‘Progress has been made ... but this needs to speed up’

The Independent UK · Jul 31, 2023