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Comment: UK financial regulator faces court threat over refusal to budge on misselling compensation

By Fiona Maxwell ( February 24, 2022, 09:22 GMT | Comment) -- Banks may be on the hook for additional compensation payments if the UK's FCA is required by law to reopen a 2013 redress program put in place following a high-profile scandal. Lawyers acting on behalf of UK lawmakers are pushing for a judicial review over the regulator's decision to exclude certain customers from compensation, which they say is unlawful.The UK financial regulator could be forced by a court to reopen a compensation program as lawmakers push for retribution for thousands of consumers....

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