United Kingdom

CFPB Faces Fraud, Privacy Concerns in Open Banking Rules

CFPB Faces Fraud, Privacy Concerns in Open Banking Rules
CFPB Faces Fraud, Privacy Concerns in Open Banking Rules
May 10, 2022  |  Legal & Regulation

On April 26 and 27, during his testimonies at the Senate and the House, Rohit Chopra, Director of the Consumer Financial Protection Bureau (CFPB) offered...

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UK Financial Regulator Staff Stage First-Ever Strike
UK Financial Regulator Staff Stage First-Ever Strike
May 04, 2022  |  Personnel

Personnel at the U.K. Financial Conduct Authority (FCA) went on strike on Wednesday (May 4) for the first time in history, according to a statement...

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Klarna Seeks to Appease UK Regulators With Credit Reporting 
Klarna Seeks to Appease UK Regulators With Credit Reporting 
May 04, 2022  |  BNPL

Klarna is moving ahead of potential regulation in Buy Now, Pay Later (BNPL) in the U.K. The company announced in a blog post on May...

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UK Regulators’ Path for AI Starts With Auditing Algorithms
UK Regulators’ Path for AI Starts With Auditing Algorithms
May 02, 2022  |  Artificial Intelligence

The Digital Regulation Cooperation Forum (DRCF), a group of four U.K. regulators, published last week, April 28 two documents where it provided businesses with guidance...

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W2, Visa Team Up on UK Business Compliance Tools
W2, Visa Team Up on UK Business Compliance Tools
April 28, 2022  |  Payment Methods

Regulatory compliance software platform W2 is teaming up with payments behemoth Visa to offer “enhanced compliance solutions and tools for U.K. Platinum and Infinite business...

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British Lender Outfund Launches $627M Investment Fund
British Lender Outfund Launches $627M Investment Fund
April 27, 2022  |  Investments

British revenue-based financing (RBF) company Outfund plans to invest £500 million ($627 million) of lending to over 5,000 businesses in the next 12 months. According...

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Ted Baker Gets Multiple Buyout Proposals
Ted Baker Gets Multiple Buyout Proposals
April 27, 2022  |  Partnerships

“A number” of potential suitors are angling to buy British fashion retailer Ted Baker, less than a month after the brand put itself on the...

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UK’s Financial Regulator Chief Lures Crypto Firms
UK’s Financial Regulator Chief Lures Crypto Firms
April 27, 2022  |  Cryptocurrency

Nikhil Rathi, the Head of the U.K.’s Financial Conduct Authority (FCA), gave a speech at City Week 2022 on April 26, in which he stressed...

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