FCA closes 100 probes to sharpen enforcement focus

Intro

Welcome back to Debt Matters, the UK podcast where we break down the news shaping credit control, collections, and recoveries. Today: the Financial Conduct Authority has been clearing out its enforcement backlog, closing 100 investigations, and it’s changing what “regulatory risk” looks like for lenders, brokers, and the firms that serve them.

What happened (the headline in plain English)

The FCA has closed 100 investigations without enforcement action since April 2023, cutting its active caseload to the lowest level in nearly a decade.

This is part of a strategic shift to do fewer investigations, faster, and concentrate on cases with clearer evidence and higher impact.

Key numbers worth repeating on the show

Of 24 cases the FCA ...