UK Banks could be fined for mistreating customers
Thursday, April 30th, 2009In a move which has come about because of a European directive, the Financial Services Authority (FSA) is set to take over regulation of UK payments from the Banking Code Standards Board. The current system is purely voluntary although under the EU directive a statutory system will be put in place which will see UK banks fined if they “fail their customers”. But will this actually work? (more…)
