FCA Reviews 2023 Financial Changes

Posted on 12/29/2023

The Financial Conduct Authority (FCA) is reporting “game changing” updates in the UK’s financial regulatory structure, specifically the introduction of the Consumer Duty. The Consumer Duty requires that the interests of consumers are paramount in financial transactions. It has wide-reaching implications for mortgage lenders, debt packagers, banks, and insurers. According to the FCA: “Firms have…

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