The FCA's Heavy Hand: Threats and Transparency in the Motor Finance Scandal The Financial Conduct Authority (FCA) is at the center of another controversy.
Allegations have been made that its CEO, Nikhil Rathi, threatened Consumer Voice, a consumer group challenging the regulator's proposed redress scheme for mis sold car loans.
The claims, lodged with the UK's upper tribunal as part of the wider legal challenge against the FCA's compensation plan, paint a damning picture of an agency more interested in protecting its relationships with lenders than serving consumers.