Banking
FCA Intensifies Crackdown on Misleading Financial Promotions
Financial Watchdog Takes Stronger Action Against Deceptive Ads
Highlights:20,000 Ads Withdrawn or Amended: Nearly double the amount from 2023.
Focus on Vulnerable Consumers: Many...
FinTech
FCA Doubles Down on Actions Against Misleading Financial Promotions
Increasing Enforcement Measures to Protect Consumers in the Financial SectorHighlights: The FCA has significantly increased its actions to combat misleading financial promotions.This initiative aims...
Banking
FCA and PSR Set Out Next Steps for Open Banking in the UK
The Financial Conduct Authority and Payment Systems Regulator outline plans to enhance open banking with new services and an independent operator.Highlights:New Services: Introduction...
FinTech
Next Steps for Open Banking in the UK: FCA and PSR Initiatives
Exploring the Future of Financial Innovation and Consumer EmpowermentHighlights: FCA and PSR outline plans for Open Banking expansion.Focus on improving consumer access and financial...
Banking
FCA to Remove £100 Contactless Limit for Greater Flexibility
Regulatory Change Aims to Boost Economic Growth and Digital Payments
Highlights:Regulatory Change: The Financial Conduct Authority (FCA) plans to remove the £100 contactless payment...
Banking
Coinbase’s CB Payments unit fined £3.5m by FCA
FCA Fines Coinbase’s CB Payments Ltd (CBPL)
Key Points:Fine Imposed:Amount: £3,503,546 million.
Reason: Alleged breaches of a requirement preventing CBPL from offering services...
Banking
Crypto.com lands EMI licence from the UK’s Financial Conduct Authority
Crypto.com secures electronic money institution (EMI) license from UK's Financial Conduct Authority (FCA).
Plans to introduce a range of e-money products tailored for...
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