Cma

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The Competition and Markets Authority (CMA) has welcomed legislation intended to enhance its ability to promote competition and protect consumers, including new powers for its Digital Markets Unit. The Digital Markets, Competition and Consumers Bill aims to promote growth in the UK economy by e

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Private conversations held between executives and their employees in connection to collusion on price fixing of Rangers FC merchandise have been published by the Competition and Markets Authority (CMA). In September the regulator handed out fines of £1.49 million, £459,000 and &poun

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Barclays will make payments of around £1 million to over 1,000 affected customers, after the Competition and Markets Authority (CMA) found that the bank breached the Payment Protection Insurance Market Investigation Order 2011.

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Open Banking Limited (OBL) has announced that Charlotte Crosswell, chair and trustee of the Open Banking Implementation Entity (OBIE), will step down from her role on 31 January 2023. Ms Crosswell has overseen and delivered significant governance, culture and management changes at the OBIE during he

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The Competition and Markets Authority (CMA) has released the annual surveys of the UK's banks showing how well customers are being looked after. The surveys are independently conducted by Ipsos MORI (for personal accounts) and BVA BDRC (for business accounts) using a sample of thousands of individua

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The Competition and Markets Authority (CMA) has ordered Monzo to comply with banking rules. This latest action by the CMA comes after Monzo breached the Retail Banking Market Investigation Order between May 2021 and March 2022.

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£70 million in fines for Pfizer and Flynn have been announced by the Competition and Markets Authority (CMA). The fines are the result of an in-depth investigation carried out by the CMA, which found that Pfizer and Flynn charged unfairly high prices for phenytoin sodium capsules for over 4 ye

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Nationwide is to repay customers after it failed to correctly warn them that they would be charged for entering an unarranged overdraft. The move comes after the building society was found to have broken Part 6 of the Competition and Markets Authority’s (CMA) Retail Banking Market Investigatio

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Three construction firms have been fined more than £36 million in total for breaking competition law in supplying certain concrete drainage products for building projects following an investigation by the Competition and Markets Authority (CMA).

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Royal Bank of Scotland has been ordered by the Competition and Markets Authority (CMA) to appoint an independent body to audit its payment protection insurance (PPI) processes. The watchdog announced action against RBS and Santander over failures to comply with a requirement that customers receive a

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