FCA lifts £100 contactless card payment limit
The UK's financial regulator will allow banks to set their own contactless payment limits from March 2025, removing the £100 cap. Consumers may also set personal limits.
Category : Search result: banking regulation
£100 Contactless Card Limit Scrapped in UK
The UK's £100 contactless payment limit will be removed next year, allowing banks to set their own maximums. Find out what this means for your spending and security.
Paddy Power Betfair fined £2m by Gambling Commission
The Gambling Commission has issued a £2m penalty to Paddy Power Betfair for serious social responsibility failures. Discover the details of the case and the regulator's warning.
EU Plans Crackdown on Airbnb-Style Rentals
The European Commission unveils its first-ever affordable housing plan, targeting short-term lets and speculation. Barcelona's 2028 rental ban faces legal challenge.
PayPal Applies for US Banking Licence Amid Deregulation Push
PayPal has filed for a US banking licence, aiming to boost small business lending. The move follows Trump's deregulatory reforms, attracting UK fintechs like Revolut and Starling to also eye the American market.
FCA boss blames Treasury, MPs for slowing deregulation push
FCA CEO Nikhil Rathi says government and parliamentary delays are hampering pro-growth financial reforms. He calls for statutory timetables to speed up Treasury approvals.
Ministers to Regulate England's Funeral Industry
The UK government is set to introduce new rules for funeral directors in England after a series of scandals, ending the current unregulated 'free for all'. Read more.
ESG whistleblower Desiree Fixler leaves FCA committee
Desiree Fixler, who exposed alleged greenwashing at DWS, steps down from the FCA's ESG advisory body. Discover the implications for UK financial regulation.
Bill Kingdom, FCA Architect, Dies at 78
Bill Kingdom, the influential civil servant who shaped the UK's Financial Conduct Authority, has died at 78. Read about his pivotal role in financial regulation.
Experts warn of 'useless' iron supplements in shops
Pharmacy experts raise alarm over low-dose iron products sold in UK supermarkets and online, calling for stricter regulation to protect consumers from misleading claims.
EU fines X €120m over deceptive blue ticks and ads
Elon Musk's X platform hit with a €120m EU fine for deceptive verification badges and lack of ad transparency under the Digital Services Act. Read the full ruling details.
Regulators Scrap Rulebook to Boost Building Societies
UK regulators have torn up the rulebook for building societies, removing key lending limits to drive growth. Discover how this deregulation will impact mutuals and the housing market.
Regulators announce plan to bolster UK mutuals sector
The Bank of England and FCA join the City Minister in Rochdale to launch a regulatory overhaul and new support unit, aiming to help mutuals and co-operatives grow.
HSBC ends chair search, Citi appoints new UK M&A heads
HSBC concludes its search for a new chair, while Citigroup reshuffles its UK investment banking leadership. Get the latest on major moves in London's financial sector.
Why 2026 is private markets' regulatory reckoning
A wave of new rules from the FCA, SEC, and ESMA is set to transform private equity and venture capital by 2026. Discover the key changes and how firms must prepare now.
Ofcom fines porn firm £1m over child safety failures
Ofcom issues a £1m fine to a pornography company for weak age checks. As threats like deepfakes and AI chatbots grow, experts demand faster action to protect children online. Read the full analysis.
Stride Calls for Bonfire of City Regulation to Boost Banks
Shadow Chancellor Mel Stride warns UK financial sector risks drifting without radical deregulation. Calls for a 'bonfire of rules' to turbocharge City banks after Autumn Budget reprieve.
FCA opens 'safe space' for AI testing in finance
The FCA launches its first AI live testing scheme with NatWest and Monzo. The initiative aims to ensure safe AI deployment in UK financial markets. Read the full story.
Australia's eSafety Commissioner defends Online Safety Act
Australia's eSafety Commissioner, Julie Inman Grant, defends the nation's Online Safety Act against US criticism, highlighting its role in protecting citizens from online harm. Read the full story.
Bernie Sanders: AI Poses Unprecedented Threats to Society
US Senator Bernie Sanders issues a stark warning on AI's dangers to jobs, democracy, and the environment. He calls for immediate Congressional action to regulate the technology before it's too late.
Bank of England to loosen capital rules for UK banks
The Bank of England plans to lower capital requirements for major UK lenders, aiming to boost loans to households and firms. Stress tests show top banks can withstand a severe downturn.
FCA to regulate ESG ratings providers in UK
The Financial Conduct Authority will now oversee ESG ratings agencies to tackle transparency and conflict of interest concerns. A consultation is open until March 2026.
Revolut in new spat with regulators over CEO's UAE move
Revolut faces scrutiny after failing to inform UK watchdogs that CEO Nik Storonsky shifted his residency to the UAE. The fintech giant insists the move doesn't affect management.
Illegal weight-loss drugs sold via Trustpilot in UK
Exclusive investigation reveals unlicensed weight-loss drugs being sold by companies with glowing Trustpilot reviews. Experts warn of serious health risks and call for urgent online regulation.
FDA Implements Stricter Vaccine Approval Protocols
US regulator FDA announces major overhaul of vaccine approval process following COVID-19 review. New protocols aim to strengthen public trust in immunisation programmes.
Hidden chemicals discovered in mineral sunscreens
New research reveals premium mineral sunscreens contain unlisted chemical filters, challenging 'natural' marketing claims. Discover what's really in your SPF protection.
AI Teddy Bear Explicit Chat Sparks Toy Safety Fears
As Black Friday approaches, experts warn parents against AI toys after a smart bear discussed kink and bondage. Learn why the £16.7bn market faces calls for urgent regulation.
Australia imposes 20% cap on risky mortgage lending
Australian regulator cracks down on high-risk lending as property prices surge. New rules limit mortgages over 6x income to protect financial stability and affordability.
Heathrow rival vows to continue expansion bid
Hotel billionaire Surinder Arora pledges to recalibrate his Heathrow West proposal after government backs HAL's £49bn third runway plan. Will competition drive better value?
Europe and US Deregulate AI Amid Growth Push
European and American authorities are rolling back AI regulations to boost innovation, while Nvidia's record earnings suggest the AI boom continues. Discover the global shift in tech policy.
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