What you need to know this week
Inflation in the UK rose to 3.6% in June 2025, prompting speculation around delayed interest rate cuts.
June 2025 saw 10,279 personal insolvencies in England & Wales, with DROs nearing record highs.
FCA has published CP25/23 on the regulation of Buy Now Pay Later (BNPL), with new proposals under consultation.
FCA issued enforcement data showing over £186m in fines, 1,456 authorisation cancellations, and 730 UIOLI cases in 2024/25.
Companies House identity verification becomes mandatory in Autumn 2025 for directors and PSCs under new economic crime legislation.
FCA is consulting on faster targets for authorisations, proposing reduced processing times for SMF and VoP applications.
Digital debt advice continues to rise, with 86.7% of new StepChange sessions initiated online.
FCA supervision practices are under scrutiny, particularly in assessing digital-first and AI-led debt advice models.
CP25/22 and CP25/13 propose reforms to the redress system and i...
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