The Blog Spot: The FCA needs to step up its game
After Insurance Age saved the day and had a Facebook page operated by fraudsters shut down, Ida Axling questions why the regulator failed.
I don’t want to say I’m a super hero, but I have recently been able to add “crime fighter” to my list of achievements.
A few weeks ago the Financial Conduct Authority (FCA) issued a warning that fraudsters were using details of authorised motor broker Car Insurance 4 u to trick consumers via a fake Facebook page.
When I spoke to the general manager of the broker he told me they had been in contact with the FCA and that the regulator was trying to get the Facebook page taken down.
But almost a
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