FCA

The Financial Conduct Authority is a financial regulatory body in the United Kingdom, but operates independently of the UK Government, and is financed by charging fees to members of the financial services industry.

Source: fca.org.uk

Virgin Money Buyout By CYBG Receives All-Clear
Virgin Money Buyout By CYBG Receives All-Clear
October 15, 2018  |  B2B Payments

A court hearing late last week gave the all-clear for CYBG to complete its acquisition of Virgin Money for $2.24 billion, finalizing one of the...

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RBS Chief: Lack Of Regulation Allowed Bank’s SMB Mistreatment
RBS Chief: Lack Of Regulation Allowed Bank’s SMB Mistreatment
October 09, 2018  |  B2B Payments

The Royal Bank of Scotland‘s (RBS’) chief executive is calling on U.K. regulators to introduce stricter small business (SMB) lending regulations, claiming that lax regulatory...

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Tesco Bank Fined £16.4M For 2016 Cyberattack
Tesco Bank Fined £16.4M For 2016 Cyberattack
October 01, 2018  |  Security & Fraud

Tesco Bank agreed on Monday (Oct. 1) to pay £16.4m in a settlement with the Financial Conduct Authority (FCA) due to a cyberattack at the lender...

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Citizens Advice Files Complaint With British Regulator
Citizens Advice Files Complaint With British Regulator
September 28, 2018  |  Europe

Following a complaint from Citizens Advice, Britain’s competition regulator might investigate financial service and telecom companies. The group had contended that consumers were being “ripped...

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Small Firms Target RBS Execs In New Investigation
Small Firms Target RBS Execs In New Investigation
August 30, 2018  |  B2B Payments

The fallout over the Royal Bank of Scotland’s mistreatment of some small business customers continues, with a new investigation launching after the U.K. Financial Conduct...

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Wonga Stops Taking New Loan Applications
Wonga Stops Taking New Loan Applications
August 30, 2018  |  Loans

Wonga, the U.K.-based payday lender, has halted accepting new loan applications. The Guardian, citing the company, reported that a statement on Wonga’s Website said: “While...

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Bitcoin Daily: In UK, Warnings On Crypto Scams, While Bitcoin Wilts
Bitcoin Daily: In UK, Warnings On Crypto Scams, While Bitcoin Wilts
August 21, 2018  |  Bitcoin

Amid the volatility of cryptos, and across the pond, warnings of scams abound. As noted by financial publications and sites such as Crypotovest, in the...

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FCA Rolls Out Rules To Help Consumers Make Better Financial Services Decisions
FCA Rolls Out Rules To Help Consumers Make Better Financial Services Decisions
August 16, 2018  |  Regulation

The Financial Conduct Authority (FCA) and the Competition and Markets Authority (CMA) announced on Thursday (Aug. 16) that consumers and small businesses will have better...

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Regulators Around The Globe To Collaborate To Encourage FinTechs
Regulators Around The Globe To Collaborate To Encourage FinTechs
August 07, 2018  |  Regulation

Regulators from the U.K., U.S. and Hong Kong announced on Tuesday (Aug. 7) a new alliance aimed at encouraging the growth of FinTechs. According to...

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