The UK’s financial regulator has fined TSB Bank £10.9m for failing to fairly treat customers in financial difficulty over six years.
1.3 Million UK Families Facing Cost-of-Living Crisis With No Savings Buffer
A think tank estimates that around 1.3 million British families had no savings prior to the worst cost-of-living crisis of our time.
U.K. Inadequate’ Fraud Protection on Covid loans
According to the spending watchdog, the U.K. did not put in place effective measures to protect taxpayers from fraudulent pandemic loans to businesses of up to 4.9 billion pounds ($6.5B).
Lloyds fined £64m for unfair treatment of mortgage customers
Lloyds Banking Group has been fined £64m over its handling of more than half a million mortgage customers suffering payment difficulties.