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FCA’s car finance redress estimates deemed too high
Millions of customers of motor finance schemes are expected to start receiving compensation from banks and lenders next year.
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FCA chief asks politicians to define ‘acceptable level of harm to consumers’
Remarks come as the government continues to militate for regulators to take a more pro-growth approach to regulation.
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GRIP Extra: DoJ settles with American Express, Supreme Court upholds TikTok ban
Other news includes a host of CFPB settlements, an OCC fine against former Wells Fargo execs, and a massive fine against Toyota for emission reporting deception.
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GRIP Extra: Chinese hackers breach US Treasury, House votes to sanction ICC
Other news includes an expected UBS fine in the hundreds of millions, a CFPB rule excluding medical debt from credit reports, and key US agency departures.
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GRIP Extra: McKinsey slapped with $650m fine for pharma work, CFPB goes after Zelle
Other news includes a startling fact about North Korean crypto theft, a damning report about the management of Credit Suisse, and a potential Honda-Nissan merger.
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GRIP Extra: Trump advisers seek to axe bank regulators, China seeks to relax monetary policies
Other news includes Japan planning to create a four-day work week, updates in the Trafigura bribery trial, and a big FTC fine against Fortnite.