The number of interest-only and part-interest-only mortgages have halved since 2015, with those remaining encouraged to speak to their lenders about repayment plans.
The Travel Rule is a requirement for cryptoasset businesses in the UK to collect, verify and share information about cryptoasset transfers mandated by money laundering legislation in July 2022.
The FCA has appointed Clare Woodman, Matt Hammerstein and Mandy Gradden to lead the Markets Practitioner Panel, Practitioner Panel, and Listing Authority Advisory Panel respectively, with a view to better representing firms, markets and consumers.
The FCA has imposed a Confiscation Order of £562,636 against Richard Faithfull following his conviction in 2021 for laundering proceeds from overseas investment frauds, with the funds to be used to compensate victims.
The FCA has issued a 14-point action plan to ensure banks and building societies are passing on interest rate rises to savers appropriately, while also working to promote competition in the cash savings market.
The FCA has won a High Court case against Robin Forster, director of a company that took £57 million illegally from 380 investors in a care home investment scheme, and will seek to have restitution paid back to the investors.
The FCA is urging consumers to use their 3-step check process to protect themselves from loan fee fraud, which has been rising year on year, especially this summer with financial pressures from holiday and festival spending.