Financial Conduct Authority

The Financial Conduct Authority (FCA) has proposed changing guidance on mortgages and consumer credit repossessions so that consumer credit firms will be able to repossess goods and vehicles from 31 January 2021.

The Financial Conduct Authority (FCA) has confirmed updated guidance to firms setting out enhanced support that should be available to mortgage borrowers experiencing payment difficulties as a result of coronavirus. 

The Financial Conduct Authority (FCA) has extended its offering of payment deferrals for mortgage and consumer credit customers for the next six months. The regulator said that under its proposals borrowers who already have a payment deferral for a period of less than six months would be able to ext

The Financial Conduct Authority (FCA) has confirmed the extension of mortgage holidays for consumers who still face financial difficulties, as well as those whose financial situation may be newly affected by coronavirus after the current FCA mortgage guidance ends.

The Financial Conduct Authority (FCA) has announced proposals to ensure firms provide further support to homeowners who continue to face financial difficulties due to COVID-19.

The Financial Conduct Authority (FCA) has fined Lloyds Bank, Bank of Scotland and The Mortgage Business a total of £64,046,800 for failures in relation to their handling of mortgage customers in payment difficulties or arrears.

The Financial Conduct Authority (FCA) has confirmed the support firms should give to mortgage customers who are either coming to the end of a payment holidays or who are yet to request one amid the continuing coronavirus crisis.  The FCA is also reminding customers that if they can afford to re

The Financial Conduct Authority (FCA) has announced proposals which will continue support for customers who are struggling to pay their mortgage due to the coronavirus pandemic.

A temporary payments freeze on loans and credit cards for up to three months are amongst a package of targeted temporary measures confirmed by the Financial Conduct Authority (FCA) today to help people negatively affected by the coronavirus pandemic. Following a short consultation, the FCA will

The Financial Conduct Authority (FCA) has called for lenders to offer a temporary payment freeze on loans and credit cards for up to three months for consumers facing financial difficulties as a result of coronavirus. The watchdog has also called for arranged overdrafts up to £500 to be charge

The UK’s financial watchdog the Financial Conduct Authority (FCA) has reached out to people with interest-only mortgages to urge them to contact their lender after discovering that many have still not sought guidance on their repayment options. Nearly one in five mortgage customers have an interes

Christopher Woolard The Financial Conduct Authority (FCA) has launched a market study to consider whether competition in the mortgage sector can be improved to benefit consumers.

Hundreds of thousands of people who fell into arrears on their mortgage may be eligible for compensation after a ruling by the Financial Conduct Authority (FCA). The FCA is to consult on new guidance on the treatment of customers who have been affected by the way some firms calculate monthly mortgag

An independent review into mortgage practices in the UK has found that while companies are largely lending responsibly, there is scope for improving consumers’ ability to make better choices. The Responsible Lending Review published by the Financial Conduct Authority (FCA) concluded that overall f

Places for People has received authorisation from the Financial Conduct Authority (FCA) for its financial service offering. Applying to consumer credit permissions, the FCA authorisation means that Places for People Financial Services can continue to directly lend unsecured personal loans and admini