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Top Credit-connect.co.uk News
Auto · United KingdomMotor finance lenders have been sent a major warning over a potential influx of legal battles if the UK’s financial watchdog fails to “genuinely compensate” consumers. Britain’s top banks were thought to have been granted some reprieve earlier this year after the Supreme Court sided with upheld the appeals of two lenders in the landmark car finance scandal. But the second half of the year brought a series of sharp turns in the saga, with the Fin…See the Story
Motor Finance Lenders Brace for Legal Battles Amid Redress Spat
Coronavirus · SwindonNationwide Building Society is facing intense scrutiny after the UK’s Financial Conduct Authority (FCA) imposed a £44m penalty over weaknesses in its financial crime controls—failures that regulators say contributed to red flags being missed in a major Covid furlough fraud case. FCA+1 Coverage continued on Sunday, 14 December, with fresh summaries of the case highlighting the building society’s Swindon base and the regulator’s view that Nationwi…See the Story
