Australia: ASIC Consults on Credit Card Responsible Lending and Unsuitability
On July 4, 2018, the Australian Securities & Investments Commission (ASIC) launched a public consultation …
PSR Rejects 'Leniency' Claims, Weighs In On Interchange Confusion
UK payments regulators have refuted claims they are “lenient” towards card schemes Visa and Mastercard, …
Romance Scams On The Rise In U.S., Federal Authority Reveals
Just in time for Valentine’s Day, the U.S. has revealed that romance scams reported to …
Money Transfer Still King In Booming Romance Scam Industry
Money lost by UK citizens to romance scammers has soared over the past year despite …
Open Banking Not A Threat, ECB Says, As Credit Transfer Project Gathers Pace
A senior European Central Bank (ECB) official has re-emphasised that banks must embrace the EU’s …
MEP Accuses Top Regulator Of ‘Favouring Banks’ In PSD2 Guidelines
The European Banking Authority (EBA) has defended its record on level three payments legislation after …
Criminals Turning To 'Crypto-Dusting' To Launder Funds, Research Finds
New research into cryptocurrency and financial crime has uncovered a sophisticated and widespread way of …
In Depth: Brexit Clock Ticking As Firms Face Contract Dilemma
The prospect of a no-deal Brexit is piling pressure on UK financial firms that have …
UK: PSR Conducts Card-Acquiring Market Review
On July 24, 2018, the Payment Systems Regulator (PSR) announced that it would be conducting …