Regulation News
Through the Financial Services & Markets Act 2023 (FSMA), the UK parliament has given the FCA the power to seek to ensure reasonable provision of cash deposit and withdrawal services for personal and business current accounts in the UK or part of the UK.
The Payment Systems Regulator (PSR) has launched two consultations in the lead up to the implementation of its new authorised push payment (APP) fraud reimbursement requirements.
Ireland's minister for finance has called for an investigation into the robustness of banking technology infrastructure after a technical glitch with Bank of Ireland's (BoI) mobile banking app enabled customers to seemingly withdraw free money.
The Competition and Markets Authority has ranked Monzo as the UK's best bank for personal and business accounts.
Innovate Finance has submitted a response to HM Treasury's Call for Proposals on how to measure success in relation to the financial regulators' new secondary objectives, emphasising that supporting innovation in FinTechs is key to ensuring competitiveness.
Experian has been fined $650,000 by the Federal Trade Commission for spamming customers with product and marketing messages that they did not sign up for.
