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)

Buy Now Pay Later Lenders Face Challenges Amid Sector Growth
Buy Now Pay Later Lenders Face Challenges Amid Sector Growth
December 15, 2022  |  Buy Now Pay Later

Challenges in the buy now pay later (BNPL) sector vary from market to market. In countries where credit is traditionally accessed via credit cards, the...

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Santander Hit With $132M Fine for AML Failures
Santander Hit With $132M Fine for AML Failures
December 09, 2022  |  AML

The FCA has fined Santander over 107.7 million pounds ($132.2 million) for AML failures. In announcing the penalty, the Financial Conduct Authority (FCA) said Santander...

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Advertising in the Spotlight as UK Crypto Regulation Takes Shape
Advertising in the Spotlight as UK Crypto Regulation Takes Shape
December 08, 2022  |  Cryptocurrency

After months of debate, the U.K.’s crypto regulatory framework is taking shape. On Wednesday (Dec. 7), the U.K.’s House of Commons debated the Financial Services...

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UK Regulator Preps Clamp Down on Crypto and BNPL Marketing
UK Regulator Preps Clamp Down on Crypto and BNPL Marketing
December 06, 2022  |  Regulation

The FCA has proposed new measures to clamp down on unfair or misleading financial marketing. The proposals, outlined in a consultation paper published on Tuesday...

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Calls For Regulation Intensify as UK Crypto Scams Jump 45%
Calls For Regulation Intensify as UK Crypto Scams Jump 45%
November 23, 2022  |  Security & Fraud

From trading at less than a dollar in its first few years of existence to over $60,000 in late 2021, the story of bitcoin’s meteoric...

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FCA Calls for Credit Rating Reform
FCA Calls for Credit Rating Reform
November 22, 2022  |  emea

The U.K.’s Financial Conduct Authority (FCA) is calling for a reformation of the way credit rating agencies (CRA) in the country operate and are governed....

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UK Borrowers Due Millions as Lenders Fail to Meet FCA Expectations
UK Borrowers Due Millions as Lenders Fail to Meet FCA Expectations
November 09, 2022  |  Loans

When the COVID-19 pandemic struck in 2020, the U.K.’s Financial Conduct Authority (FCA) asked the country’s lenders to offer payment deferrals as a means of...

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UK Crypto Firms Will Need FCA Approval to Advertise
UK Crypto Firms Will Need FCA Approval to Advertise
November 03, 2022  |  Cryptocurrency

The U.K.’s House of Commons on Thursday (Nov. 3) passed new regulations that limit how cryptocurrency assets can be promoted in the country. The latest...

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British Financial Watchdog Cracks Down on Unfair Lenders
British Financial Watchdog Cracks Down on Unfair Lenders
November 03, 2022  |  Bank Regulation

The U.K.’s top financial watchdog is giving banks in that country an ultimatum: treat customers struggling with Britain’s cost-of-living crisis fairly, or be barred from...

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