Consumer Duty news and trends

FCA Proposes Consumer Duty on Social Media Financial Product Ads
Regulation // July 17, 2023

The U.K.’s financial watchdog wants to crack down on illicit marketing of financial products on social media. That crackdown, the Financial Conduct Authority (FCA) announced Monday (July 17), will involve applying the tough new consumer duty for other financial companies set to go into effect...

UK’s FCA: eMoney CEOs Must Make Consumer Duty Rules ‘Top Priority’
Regulation // February 21, 2023

A British regulator has told eMoney firms that they need to change some practices. Financial Conduct Authority (FCA) Director of Payment and Digital Assets Matthew Long sent a letter to eMoney company CEOs and directors on Tuesday (Feb. 21) ahead of new Consumer Duty rules...

Quick Reads
Klarna Partners With Money Adviser Network to Offer Debt Advice

July 19, 2023
Klarna has joined forces with the Money Adviser Network (MAN) to enable its customers in the United Kingdom to get fast, free debt advice. The buy now, pay later (BNPL) service will alert its customers the debt advice services available from members of MAN, which is provided by the United Kingdom government body MoneyHelper, Klarna said in a […]

FCA Proposes Consumer Duty on Social Media Financial Product Ads

July 17, 2023
The U.K.’s financial watchdog wants to crack down on illicit marketing of financial products on social media. That crackdown, the Financial Conduct Authority (FCA) announced Monday (July 17), will involve...

UK’s FCA: eMoney CEOs Must Make Consumer Duty Rules ‘Top Priority’

February 21, 2023
A British regulator has told eMoney firms that they need to change some practices. Financial Conduct Authority (FCA) Director of Payment and Digital Assets Matthew Long sent a letter to...