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Financial Services Regulatory update, 1 - 7 October 2014

Welcome to TLT's Financial Services Regulation weekly round up. Each week we will send you a summary of the latest regulatory news, focusing specifically on regulatory reform, consumer credit, the Financial Ombudsman Service, advertising, insurance, mortgages, banking and payments, as well as a round up of industry news. Among the stories we cover this week are: 

  • New rules come into force to give consumers greater rights to financial redress if they are victims of underhand and aggressive selling;  
  • The ASA upholds a complaint made by Lloyds against a CMC for misleadingly implying that the advertiser was Lloyds or affiliated with Lloyds;  
  • The FCA and PRA set out how they will implement the FPC's recommendation on LTI ratios in mortgage lending; and  
  • The FCA publishes it monthly update on PPI refunds and compensation.

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