On Tuesday, Fiat Chrysler Automobile's, American-based operations reported sales numbers after revising its reporting practices in the US, amid investigations being conducted by federal officials and claims of exaggerated sales numbers.
FCA US also announced a new methodology which focuses on being more consistent and transparent, while reporting numbers of consumer and fleet sales.
According to a new report, unlimited fines could be imposed on those companies, which put tough controls on the payday lenders.
The next year, regulation of consumer credit will be taken over by The Financial Conduct Authority (FCA) from the Office of Fair Trading (OFT). This regulation will take place in the month of April, 2014.
The Financial Conduct Authority (FCA) is suspecting if Barclays should have unveiled additional details to the stock market regarding the capital-raisings of £11.8bn back to five years from private investors.
It has been found that Barclays and the FCA are currently negotiating over a fine imposed on the Bank for the deals made during the financial crisis i. e. in 2008.
The Financial Conduct Authority (FCA) has fined AXA Wealth Services with £1.8 million for not dealing properly with its consumers.
According to FCA, AXA was indulged in selling investment products worth £440m without informing the consumers about the associated risks and also did not make efforts for confirming, whether the particular scheme was beneficial or suitable for a consumer.
The Financial Conduct Authority (FCA) has lately decided to conduct a review of mobile banking, promising that fraud and security would be focused on.
Mobile banking may include financial transfers, contactless payments and online account access with the usage of tablet computers or smartphones.
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