Payments News Update – July 16, 2020
Posted 07/16/20
Legal and Regulatory Developments
SPOTLIGHT: UK Tightens Rules on Payments Firms in Wake of Wirecard Debacle
PYMNTS – July 9, 2020
The United Kingdom’s financial regulator has toughened rules on payment companies less than two weeks after Wirecard AG’s collapse locked millions of customers out of their accounts, the Financial Times reported. The Financial Conduct Authority (FCA) said Thursday (July 9) it...