UK watchdog calls on payments firms to enhance consumer protection.
BANKING AND CREDIT NEWS-July 10, 2020--UK watchdog calls on payments firms to enhance consumer protection
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Global Banking News - 10 July 2020
The UK financial watchdog, the FCA, has written to payment institutions (PIs) and e-money institutions (EMIs) operating within the payment services sector to enhance consumer protection.
In the letter, the FCA has called attention to the issues created by COVID-19 and has asked firms to take action to prevent harm to customers.
In the letter...
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