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FCA Q1 2021 financial promotions quarterly data
On 6 April, the FCA published its first financial promotions quarterly data showing the number of financial promotions that have been amended or withdrawn due to non-compliance with its rules in Q1 2021. The FCA reviewed 441 financial promotions identified through complaints it has received and its own proactive work. 38 cases resulted in 105 promotions being amended or withdrawn. 75% of these amend/withdraw outcomes related to either website or social media promotions. 47% of financial promotions reviewed related to retail lending, 26% to retail investments, and 18% to retail banking.
Financial Guidance and Claims Act 2018 (Commencement No. 7) (Dissolution of the Consumer Financial Education Body) Regulations 2021
Wednesday, April 14, 2021
The nationwide rollout of the COVID-19 vaccine has continued to gain momentum some five months after the shot first became available to limited populations.
In all 50 states, everyone above the age of 16 is either already eligible to receive the shot, or will become eligible shortly. On April 3rd,
more than 4 million people in the U.S. received a vaccine, the highest one-day number to date. And the country seems on track to hit President Biden’s new goal of
Despite all of this good news, there have been setbacks – the most serious of which was reported in early April. The New York Times
In Hinojos v. State Farm Lloyds, the Supreme Court of Texas addressed liability under the Texas Prompt Payment of Claims Act (the “TPPCA”) when an insurer timely pays only part of a.
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Health care fraud is widely considered a bipartisan focus for
federal prosecutors; it was a priority for federal prosecutors
during the prior administration and will remain so under President
Biden. Here, we highlight a few trends we have observed in recent
months, as we anticipate how the Biden Administration will tackle
health care fraud in the coming years.
Telemedicine
2020 saw a dramatic rise in telehealth services as a result of
the COVID-19 pandemic. As we mentioned in our recent article about
Pandemic Fraud, we can expect a corresponding