FCA Warns Banks To Protect Consumers' Access To Cash
Law360, London (July 16, 2020, 3:35 PM BST) -- Britain's finance watchdog warned banks and lenders on Thursday to be careful when embracing digital payments and to ensure consumers can still get cash when they need it, particularly the most vulnerable customers.
The Financial Conduct Authority published new draft guidance instructing financial services firms that are thinking about closing down physical branches or shuttering ATMs in the bid to move banking online to make sure they treat customers fairly in the transition.
Sheldon Mills, interim executive director of strategy and competition at the regulator, said that access to cash is a priority for the regulator.
"While in the recent climate...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!