What You Need to Know This Week
UK GDP contracted by 0.1% in January 2025, reversing expectations of 0.1% growth.
The manufacturing sector saw a decline, while consumer-facing services grew by 0.1%.
FCA is consulting on future contactless payment limits, closing 9 May 2025.
The Payment Systems Regulator (PSR) is being abolished, with responsibilities shifting to the FCA.
FCA published an update on the motor finance review, with potential redress schemes for affected consumers.
FCA findings highlight insufficient consumer support and governance weaknesses across financial services firms.
StepChange noted that 55% of clients have a vulnerability alongside debt problems.
ICO released new guidance on employment data protection compliance for firms handling worker records.
MaPS is recruiting a Non-Executive Director (NED) with experience in consumer advocacy and regulation.
Octopus Money and Aveni AI partnership to implement AI-driven vulnerability detection and compliance tools.
CIVEA &am...
In order to access this content a ROAR Insight: Demsa option is required.
Join or add this to your existing account here.