Competition And Markets Authority

The Competition and Markets Authority (CMA) has written to Bank of Scotland owner Lloyds Banking Group over its breaches of the Payment Protection Insurance (PPI) Market Investigation Order 2011 which the CMA were notified about in September last year. The notification came seven years after the ban

The Financial Reporting Council (FRC) has voiced renewed concerns about the financial market’s vulnerability to the failure of one of the Big Four audit firms that dominate the sector. The regulator said it had requested detailed information from Deloitte, KPMG, EY and PWC on their responses t

The Competition and Markets Authority (CMA) has stopped Bank of Scotland owner Lloyds Banking Group from forcing small business customers to open paid-for business current accounts when taking out emergency coronavirus Bounce Back Loans.

A merger between two suppliers of retail investment platform solutions has been provisionally blocked by the Competition and Markets Authority (CMA) as it could be anti-competitive. FNZ purchased GBST in November 2019. According to the CMA, their merger could lead to UK consumers who rely

The Competition and Markets Authority (CMA) has written to Lloyds Banking Group and Nationwide about their non-compliance with the Payment Protection Insurance (PPI) Market Investigation Order of 2011.

The Competition and Markets Authority (CMA) has found that a private hospital group and seven consultant ophthalmologists broke competition law by taking part in illegal price-fixing. Following an investigation by the CMA, Spire Healthcare Limited and Spire Healthcare Group plc has admitted tha

In the last two years, the Competition and Markets Authority (CMA) has secured more than £47 million in refunds for customers whose banks failed to properly warn them about unarranged overdraft charges.

The Competition and Markets Authority (CMA) has said that it will take companies to court if they do not refund people for holidays and weddings which have been cancelled because of the coronavirus pandemic. 

The Competition and Markets Authority (CMA) has ordered Metro Bank to repay more than £10.5 million to customers after it breached a legal order by failing to send texts warning people about unarranged overdraft charges. The bank was found to have breached Part 6 of the CMA's Retail Banki

Hundreds of customers are being refunded a share of £380,000 after insurance company Paymentshield failed to send important information about PPI policies. The Competition and Markets Authority (CMA) has issued Paymentshield with legally binding directions after it failed to send payment prote

Scottish banks have been ranked lowest for customer service in the latest Competition and Market Authority (CMA) analysis.

The Competitions and Markets Authority (CMA) has urged that legislation should break up the UK's largest accountancy firms known as 'The Big Four' after it emerged that the profession is engaging in talks to enact a self-imposed split.

The Big Four accounting firms are engaging in talks with the audit regulator regarding a self-imposed break-up in an attempt to get ahead of government enforcement action. The Financial Reporting Council (FRC) is currently drawing up guidelines for the separation of audit and consulting operations a

The Competition and Markets Authority (CMA) has reported on the progress made in tackling the loyalty penalty in which companies penalise longstanding customers by charging them higher prices than new customers. The loyalty penalty can also be when found when companies penalise those who renegotiate

The Competition and Markets Authority (CMA) has approved the proposed £500 million sale of SSE's Energy Services to Ovo. In October, the CMA launched an enquiry into the £300m purchase of the retail arm of SSE after the firm announced its intention to buy SSE the month prior.