July 20, 2020

The NACFB are delighted to announce we have successfully implemented a new Learning Management System (LMS) scheduled to go live in the near future which will allow members to access an increased number and wider range of training courses, materials and competency assessments. The new LMS will offer many new benefits to members, including the…

April 9, 2020

Following a short consultation the FCA will be going ahead with the proposals outlined last week, which will give firms the flexibility to provide temporary financial relief to those facing payment difficulties during the coronavirus (Covid-19) pandemic. Christopher Woolard, interim Chief Executive at the FCA, said: “We know many people are suffering financial pressures brought…

April 3, 2020

The Financial Conduct Authority (FCA) has proposed a range of targeted temporary measures designed as a stop-gap to quickly support users of certain consumer credit products who are facing a financial impact because of the exceptional circumstances arising from coronavirus.  This package is intended to complement measures already announced by the government to support mortgage…

April 2, 2020

Preparing to move to the new data collection platform To prepare for the move, from 2 April, Gabriel users will be asked to complete a mandatory one-time registration activity the next time you log in. The FCA are improving the data is collected data from firms and will move to a new platform for data…

March 30, 2020

On the 25th March, the CMA published a paper outlining its approach to business cooperation in response to covid-19. The paper confirmed the CMA’s focus for the next few months. The CMA will be protecting UK consumers from the adverse consequences of the COVID-19 pandemic to the greatest extent possible. The CMA is conscious of…

March 27, 2020

The Information Commissioners Office (ICO) have issued guidance to firms in response to the COVID 19 pandemic. We have summarised the ICO’s response and highlighted important information which will be of benefit to members. The ICO recognises the unprecedented challenges we are all facing during the Coronavirus (COVID-19) pandemic. In this time of crisis, the…

March 27, 2020

On the 26th March, the Financial Conduct Authority (FCA) released a news story to warn and highlight the potential risks around Coronavirus scams. A major event like Coronavirus can initiate new types of scam activity and may have already seen reports of fraudulent activity around the sale of face masks and hand sanitisers.  When it comes to financial…

March 27, 2020

The CMA, on Friday the 20th launched a taskforce to tackle negative impacts within its remit of the COVID-19 pandemic. The outbreak of COVID-19 is an unprecedented and rapidly evolving challenge that has prompted many concerns that businesses might exploit the situation to take advantage of people, for example by charging excessive prices or making…

March 24, 2020

The Financial Conduct Authority (FCA) set out steps firms should take to help identify key workers in financial services. On 19 March 2020, the UK Government published guidance for schools, colleges and local authorities(link is external) on maintaining educational provision. Schools are being asked to continue to provide care for a limited number of children whose parents…

March 23, 2020

The Financial Conduct Authority (FCA) have an interest in firms lending in a way that does not lead to harm to consumers (including small businesses protected by the consumer credit regime). For smaller businesses to be eligible to apply for the full five-million-pound facility under CBILS, an SME must: Be UK-based with annual turnover of…