The regulator wants to give people struggling with high-cost credit or car finance more time to pay.Read more
Financial Conduct Authority (FCA)
A man who grew up in Barrow has been appointed head of the national financial regulator.
Nikhil Rathi, the son of a former Barrow GP, will become the new chief executive of the Financial Conduct Authority in October.
His career has included time at HM Treasury and running the London Stock Exchange.