FCA Renews Warning on Unregulated Loan Notes After Litigation Funder Woodville Consultants Collapses

Coinbase and payments infrastructure firm Moov have announced a partnership to extend stablecoin payment acceptance, settlement and real-time funding capabilities to the more than 1,000 U.S. community banks and credit unions in Moov's network. The deal lands as the U.S. Senate prepares to vote on the CLARITY Act, the proposed federal stablecoin framework.

The Financial Conduct Authority has issued a fresh consumer warning about unregulated loan notes and mini-bonds, citing the administration of litigation funder Woodville Consultants Limited as a recent example of the harm these instruments can cause. Investors in unregulated firms have no access to the Financial Ombudsman Service or FSCS compensation if a company fails.

The Federal Reserve Board on 20 August 2026 published a formal order approving an application by National Westminster Bank Plc, marking confirmed regulatory engagement between the UK lender and US supervisory authorities. The precise operational scope of the approval has not been independently verified from the full order text.