Card schemes face additional scrutiny The Financial Conduct Authority (FCA) has recently launched a Competition Act 1998 investigation into PayPal, Visa and Mastercard over concerns about potentially anti-competitive arrangements linked to PayPal’s digita... See more
This month, as part of the Financial Services and Markets Bill, the Treasury published its policy statement on Phase 2 reform of the Consumer Credit Act 1974 (CCA), setting out how it plans to modernise the UK consumer credit regime by moving most detaile... See more
The Payment Systems Regulator (PSR) has published a consultation on a draft direction that would require Visa and Mastercard to provide detailed reporting on the financial performance of their UK card operations. The proposed regulatory reporting remedy f... See more
Government steps up action to tackle customer fraud This week, the BRC and some of our retail members attended a Fraud Against Business Summit organised by the Home Office. The summit formed part of the government’s recently published fraud strategy and m... See more
We set out the rising costs of NCC's and call for retailers to be eligible for participation in the scheme We have responded to the Department for Business and Trade's consultation on the delivery of the BICS scheme, calling for retail to be included in e... See more
