Weekly Headline Roundup: 11-07-2025

Headline Update 11-07-2025 :

-> Monzo fined for giving account to fake 10 Downing St address

-> Key considerations in implementing a possible motor finance consumer redress scheme

-> LSB to close leaving critical gap in protections for SMEs

-> The FCA and Bank of England’s “strategic approach” to AI – what it means for regulated firms: City Week 2025

-> Annual complaints data and insight 2024/25 – Financial Ombudsman service

-> CP25/13: Improving the complaints reporting process

-> More Consumers Reported Opening Credit Cards, Yet A Third Said They Don’t Know Their Credit Score

-> Average credit card debt increases to £2,920

-> Debt advice integrated with mental health and other community services in Government’s 10 year Health Plan for England

-> Government publishes personal insolvency reform update

-> AI boosts productivity and profitability for businesses

-> Over eight million people are using BNPL for purchases under £50

-> Mortgage borrowing increased by £2.8bn in May

-> AI is turning the ad business upside down

-> Rules that protect UK homeowners from repossessions may be scrapped | Financial Conduct Authority