FCA fines Barclays £26m for failing 1.5m customers

The Financial Conduct Authority has fined Barclays Bank UK PLC, Barclays Bank PLC and Clydesdale Financial Services Limited (Barclays) £26m for poor treatment of consumer credit customers in financial difficulties.

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Directors banned after duping customers out of £7.2m

Four company directors and shareholders have been banned after misleading often vulnerable customers and taking fees of over £7.2m.

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FSA: Consumer credit will be important responsibility for new regulator

Lord Turner has said one of the most important roles of the Financial Conduct Authority will be its responsibility for consumer credit. Read more...
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