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Monzo accused of ‘especially concerning’ regulatory breaches by competition watchdog

Summary by UKTN (UK Tech News)
Monzo has been reprimanded by the UK competition regulator in a pattern described as “especially concerning”.  Colin Garland, director of markets at the Competition and Markets Authority (CMA) wrote to the challenger bank regarding multiple breaches of the Retail Banking Market Investigation Order 2017.  According to the regulator, Monzo has breached four different sections of the order, which was implemented to reform the competitiveness of the…
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Monzo Bank found to have breached UK banking regulations

submitted by Mex to unitedkingdom2 points | 0 commentshttps://www.proactiveinvestors.co.uk/companies/news/1061713/monzo-bank-found-to-have-breached-uk-banking-regulations-1061713.html

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UKTN (UK Tech News)UKTN (UK Tech News)

Monzo accused of ‘especially concerning’ regulatory breaches by competition watchdog

Monzo has been reprimanded by the UK competition regulator in a pattern described as “especially concerning”.  Colin Garland, director of markets at the Competition and Markets Authority (CMA) wrote to the challenger bank regarding multiple breaches of the Retail Banking Market Investigation Order 2017.  According to the regulator, Monzo has breached four different sections of the order, which was implemented to reform the competitiveness of the…

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UKTN (UK Tech News) broke the news in on Thursday, November 28, 2024.
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