(source: fca.org.uk)
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...
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...
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...
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...
Payday loans company Wonga has received a much-needed £10 million cash infusion from Accel Partners and Balderton Capital, among others. The funding will help cover...
Welcome to the Five at Five, your late look at the payments and commerce news of the day. Stories include Southeast Asia ride-hailing service Grab...
The Royal Bank of Scotland (RBS) will not face enforcement action by the U.K. Financial Conduct Authority (FCA), according to Reuters reports on Tuesday (July...
The U.K. watchdog in charge of investor oversight proposed tough new regulations regarding peer-to-peer (P2P) lending platforms, in a bid to help consumers wade through...
Bitcoin trades have plummeted in China amid the crackdown of the country’s central bank, The Next Web reported. While renminbi-to-bitcoin currency trades comprised more than...