Posts Tagged ‘Consumer Duty’
Innovate Finance proposes new ‘regtech test’
It is one of the suggestions put forward by the industry body to HM Treasury’s call for proposals on how UK financial regulators’ new competitiveness objectives can be benchmarked.
Read MoreInsight: Seven million users on, how far has Open Banking come in the UK?
Pradeep Raman, Finova’s director of digital, writes about the rapid growth in Open Banking usage by UK borrowers and the ways in which it can help lenders meet their new Consumer Duty obligations.
Read MoreKlarna to begin charging UK customers for late payments
UK head Alex Marsh said Klarna did not want to “monetise the misery of customers who fall behind” and has launched a ‘Customer Recovery Programme’.
Read MoreFCA: Some UK firms ‘behind’ in plans to comply with Consumer Duty
The scale of the reform requires “significant changes” from some financial services firms, ahead of the 31 July implementation deadline.
Read MoreLenders say Open Banking will ‘complement’ credit bureau data under Consumer Duty
Speakers from Equifax, AccountScore, Plend and Everyday Loans joined an Open Banking Expo live panel debate to discuss Consumer Duty, Open Banking and the rising cost of living.
Read More