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FCA chief defends car finance despite fears it could lead to next financial crisis

The head of Britain's financial watchdog has defended the use of car finance products despite widespread fears they could herald the next financial crisis. Andrew Bailey, chief executive of the Financial Conduct Authority (FCA), said the growing popularity ... read more

The Finance 202: Wall Street may not get absolutely everything it wants in GOP tax package

This is the third rate hike this year and the fifth since the bank cut the rate to nearly zero during the financial crisis." — Three rate hikes still likely next year ... risks forcing a standoff that could lead to a government shutdown." read more

A third of car buyers are mis-sold finance, but now there's a tool to help check what it should really cost

That's despite consumer rights updates designed to protect buyers from being duped into taking on finance ... financial decisions relating to a car purchase if additional measures were in place to ensure they weren’t overcharged. Steve Nash, chief ... read more

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Watchdog sets out plans to probe high levels of consumer debt and how firms treat vulnerable consumers

It reported that the outstanding amount on credit cards is currently £67.3billion, the highest level on record, sparking fears that another credit-fuelled financial crisis ... Car finance was also highlighted in the report and the FCA says there may ... read more

UK Regulators Toughen Vetting Process for Senior Financial Services Roles

More than one in 10 people picked for the top jobs in British finance pull out during a regulatory vetting process which has got tougher since the financial crisis ... next year to make senior bankers in Britain more accountable for their actions could ... read more

UK plans to make currency-rigging a crime but rejects EU rules

Britain's Financial Conduct Authority is investigating allegations that there were attempts to manipulate benchmark foreign exchange rates in London, and is only due to report back on this early next year. The finance ... and markets. FCA chief executive ... read more

Here's Some Advice: Don't Sell Your Car While You Are Extremely Drunk

A man in New Zealand got drunk and sold his car for $579 to drink more over the weekend. Well, his plan to trade his wheels for more booze must have worked, because when he woke up the following morning he could not ... the next day on the CarJam website ... read more

Clout Street

J.B. Pritzker on Saturday won the backing of the Illinois Federation of Teachers, the largest public employees union to issue an endorsement so far in the Democratic governor primary. The endorsement by the executive board of the 100,000-member union ... read more

Business Breakfast RECAP: Brexit will make it harder to oversee banks, warns Bank of England

The head of Britain’s financial watchdog has defended the use of car finance products despite widespread fears they could herald the next financial crisis. Andrew Bailey, chief executive of the Financial Conduct Authority (FCA), said the growing ... read more

Diamondbacks Run To Mommy To Further Attempt To Gouge Arizona Taxpayers

The Arizona Republic writes: Leo Beus, an attorney for the team, raised the MLB specter as he argued to a Superior Court judge that the case should be decided quickly because the team is “facing a crisis ... and the case could possibly go to ... read more


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