Tag: Regulation
Bank of England launches discussion paper on “ambitious agenda” for UK’s payments landscape
Bank of England Discussion Paper on Payments Innovation
Key Points:
Objective:
The Bank of England (BoE) has released a discussion paper to seek feedback on...
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...
Corlytics hires new CTO, chief data officer and chief tech architect
Corlytics Leadership Reshuffle
New Leadership Appointments:
Steve Barnes - Group Chief Technology Officer (CTO)
Role: Drive advanced technology solutions, maintain security standards
Experience: Over 20...
FCA issues new guidelines to ensure cash access for consumers and small enterprises
Key Points:
Objective:
Ensure "reasonable access" to cash deposit and withdrawal services for personal and small business current accounts.
Implementation Date:
New guidelines take...
FCA lifts partner onboarding restrictions on UK fintech Modulr
Key Points:
Lifted Restrictions:
The FCA has lifted the temporary partner onboarding restrictions imposed on Modulr last October.
Original Order:
Modulr was ordered to...
CFPB proposes new rule to include payday advances under Truth in Lending Act
Key Points:
Proposed Rule:
Payday loan advances would be brought under the same scope as consumer loans.
Fees associated with accessing earned wages early...