Page 3 - David Postings News Today

The City watchdog the Financial Conduct Authority wants banks to work with their customers to help them find the right deals but says it cant force up rates for easy access savers.

A top City watchdog official has declared it is not his job to set savings rates at banks, as lenders are urged to do more for savers amid accusations they are cheating holders of easy access accounts.

Big banks want social media firms to take accountability for scams taking place on their payment platforms, but that doesn’t mean reimbursing victims. Banks need to take the lead in making victims whole quickly. Big tech and telcos need to kick out the scammers from their platforms.

Seven years after the UK referendum voted in favour of leaving the EU, the two jurisdictions have inked an agreement on financial services co-operation. But the agreement is unlikely to lead to greater regulatory alignment.

Yesterday, the Treasury launched the Mortgage Charter, a set of standards aimed to help those worried by rising interest rates. The charter was implemented after Chancellor Jeremy Hunt met with the country’s principal mortgage lenders, the Financial Conduct Authority (FCA), and UK Finance on Friday.

There is a lot of interest in the mortgage market right now - its on the front pages and is the subject of a significant amount of political debate.

There is a lot of interest in the mortgage market right now - its on the front pages and is the subject of a significant amount of political debate.

The Financial Conduct Authority and UK Finance have both sounded the alarm over potential greenwashing in the mortgage market. In a recent speech at the London Institute of Banking & Finance’s mortgage conference, FCA director of retail banking David Geale echoed a previous warning from David Postings, chief

About three-fifths of authorised push payment scam losses last year were reimbursed, according to UK Finance’s annual fraud figures.

Over £1.2billion was stolen by criminals through fraud in 2022, according to a report by UK Finance. We look at the situations where people need to be most cautious.