The U.K. Payments Systems Regulator has denied The Payment Association's request to delay the contentious APP fraud reimbursement plan by a year. The association, the largest community in payments, had warned that failing to delay the plan would permanently damage the payments industry.
The U.K. Payments Systems Regulator has denied The Payment Association's request to delay the contentious APP fraud reimbursement plan by a year. The association, the largest community in payments, had warned that failing to delay the plan would permanently damage the payments industry.
More than 5,800 bank and building society branches have shut in nine years and Financial Conduct Authority boss David Geale has admitted the watchdog is powerless to stop the closures.
You have been warned! Six months on from Consumer Duty, MorganAsh's Gething shares a roundup of recent FCA action on consumer vulnerability ifamagazine.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ifamagazine.com Daily Mail and Mail on Sunday newspapers.
Britain s financial watchdog said on Wednesday it would have powers later this year to order banks to rethink branch closures, as lawmakers accused it of being too slow to protect customer access.