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The FCA seems to be siding with financial firms (there's a surprise) whose line in the UK Supreme Court case on car financing hidden commissions seems to be:
when a salesman say to you this is the 'best deal' that is not a meaningful legally binding statement but rather just a sales pitch.... so we'll need to remember that as their colleagues rubbish Cash ISAs & say we'd be better off with stock & shares ISAs.
Cos' clearly the FCA's doing nothing to help us!
#Banking
https://www.theguardian.com/business/2025/apr/01/motor-finance-compensation-ruling-goes-too-far-city-regulator
See also political speech.
@ChrisMayLA6 another regulator (hah!) not working for the best interests of the consumer and dancing to the tune of the industry and government
@ChrisMayLA6 It seems none of these regulatory bodies are there to help us. OFWAT, OFCOM. They’re simply there to draw a veil over whatever privatised utilities want to do.
yes, that's an easy (and now uncontroversial) conclusion to draw, I'd say