FCA to Relax Consumer Duty Rules: Good or Bad?

Consumer protection rollback! The FCA is scaling back tough financial rules after pressure from the Chancellor, who aims to boost economic growth by cutting red tape. Banks and brokers, especially those dealing with wealthy clients or overseas customers, will see relaxed consumer duty requirements, potentially ditching the need for a consumer duty champion. Is this a win for business or a risk to everyday savers? Hosted on Acast. See acast.com/privacy for more information.