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

Lloyds Bank Hit With Biggest UK Watchdog Fine In Two Years

Lloyds Bank Hit With Biggest UK Watchdog Fine In Two Years
Lloyds Bank Hit With Biggest UK Watchdog Fine In Two Years
July 08, 2021  |  Bank Regulation

Lloyds Bank was hit with a fine totaling £90 million by the U.K. Financial Conduct Authority (FCA), it’s biggest since 2019 and the second largest...

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UK Regulators Targeting Diversity Improvements In Financial Services
UK Regulators Targeting Diversity Improvements In Financial Services
July 07, 2021  |  Banking

A lackluster economy that’s still recovering from the COVID-19 pandemic isn’t the only issue plaguing the U.K. financial sector these days. Recently, regulators pointed to...

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UK’s FCA To FinTechs: You’re Not Banks
UK’s FCA To FinTechs: You’re Not Banks
May 19, 2021  |  Legal & Regulation

Great Britain’s chief financial watchdog has a message for FinTech startups operating in the U.K.: stop comparing yourself to banks. Get the Full Story Complete...

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NatWest Violated Money Laundering Rules, FCA Says
NatWest Violated Money Laundering Rules, FCA Says
March 16, 2021  |  Banking

The United Kingdom’s Financial Conduct Authority (FCA) announced Tuesday (March 16) it had commenced criminal proceedings against National Westminster Bank Plc (NatWest) for violation of...

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Today In Payments: Buy Now Pay Later Firms Face UK FCA Crackdown; SPACs Now Eye Asia For Merger Deals
Today In Payments: Buy Now Pay Later Firms Face UK FCA Crackdown; SPACs Now Eye...
February 02, 2021  |  News

In today’s top news, the FCA will begin regulating BNPL firms in the U.K., and SPACs are moving in on the Asian market. Plus, Visa’s...

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UK Regulators Fine Barclays $31 Million For Poor Treatment Of Credit Customers
UK Regulators Fine Barclays $31 Million For Poor Treatment Of Credit Customers
December 15, 2020  |  Bank Regulation

The U.K.’s Financial Conduct Authority (FCA) has fined Barclays £26 million ($31.6 million) for its treatment of consumer credit customers who fell into arrears on...

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UK Tightens Rules On Payments Firms In Wake Of Wirecard Debacle
UK Tightens Rules On Payments Firms In Wake Of Wirecard Debacle
July 09, 2020  |  Legal & Regulation

The United Kingdom’s financial regulator has toughened rules on payment companies less than two weeks after Wirecard AG’s collapse locked millions of customers out of...

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Bitcoin Daily: Travala Users Can Use Crypto Again To Pay For Expedia Bookings; S. African Ex-Crypto Agency Chief Allegedly Scammed Investors Of $13.4M
Bitcoin Daily: Travala Users Can Use Crypto Again To Pay For Expedia Bookings; S. African...
July 06, 2020  |  Bitcoin

Travala.com, the Binance-backed online trading agency, will be allowing travel bookings through Expedia paid for in cryptocurrency for the first time since 2018, according to...

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