Financial Conduct Authority

The financial regulator has proposed a new price cap on rent-to-own firms to come into place next spring, meaning consumers can't be charged more in interest than they paid for the product. 

First it used Arnold Schwarzenegger's animatronic head to urge consumers to reclaim PPI – now the Financial Conduct Authority (FCA) has enlisted two more celebrities in its campaign as next year's deadline approaches. 

The financial regulator has written to payday lenders today telling them they must compensate customers who were sold unaffordable loans.

Tesco Bank has been fined £16.4 million by the financial regulator after failing to protect customers from a "largely avoidable" cyber-attack in November 2016.