FCA Proposes Rules To Protect Customers When Payment Firms Go Bust

FCA Proposes New Rules to Strengthen Consumer Protection in Payments Sector

The UK’s Financial Conduct Authority (FCA) is taking significant steps to enhance customer protection in the increasingly popular payments and e-money sector. In a move aimed at addressing ongoing concerns about the safeguarding of consumer funds, the FCA has proposed new rules that could reshape how these firms operate. This comes in response to a notable increase in the use of payment services… Source

FCA Proposes Rules To Protect Customers When Payment Firms Go Bust

The UK’s Financial Conduct Authority has proposed rules designed to better protect customers when payments and e-money firms go out of business. Editorial This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community. Use of payments firms has grown in recent years, but the FCA says it continues to see poor safeguarding practices. Funds held by payments and e-money fir…

FCA proposes new rules to enhance protection of customers of payments firms

The FCA is stepping in to better protect customers when payments and e-money firms go out of business.

Proposed new rules to better protect customers of payments firms