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/regulation

Axiom Bank hit with enforcement action

The Office of the Comptroller of the Currency (OCC) has filed an enforcement action against Axiom Bank in Florida.

/regulation

Climb Credit sued by CFPB for “false promises and outright lies”

The Consumer Financial Protection Bureau (CFPB) has announced its suit against Climb Credit and its largest shareholder 1/0 for misrepresenting the quality of its training programmes at partner schools.

/sustainable

WWF and TNFD partner up to launch nature-related data platform

The World Wildlife Fund for Nature (WWF) has collaborated with the Taskforce on Nature-related Financial Disclosures (TNFD) to form a global Nature Data Public Facility (NDPF) that will facilitate financial institutions in capturing and collected nature-related data.

/retail

HSBC to accept overseas credit history for UK mortgage applications

HSBC is to make it easier for international customers with no local credit history to apply for a UK mortgage.

/security

Banks urged to act now to avoid future quantum catastrophe

Banking regulators have put the financial indsutry on notice that they must begin immediately developing plans for mitigating quantum computing risks.

/security

APP fraud declines in H1; card not present cases up by 26%

Financial losses from authorised push payment (APP) fraud, romance and purchase scams and impersonation deceptions show a marked decline in the first half of the year, according to new data from UK Finance.

/regulation

UK Government consults on new rules for buy now, pay later products

The UK Government is pressing ahead with new rules designed to protect online shoppers using buy now, pay later products.

/payments

Klarna BNPL integrates with Apple Pay

Klarna buy now, pay leter credit is now available to users checking out on Apple Pay online and in apps with an iPhone and iPad.

/crypto

Stripe in talks to acquire stablecoin platform Bridge

Payment firm Stripe is reportedy in advance talks to acquire stablecoin platform Bridge, according to sources cited by Bloomberg.

/ai

FCA to open AI Lab

The FCA is launching an AI Lab to work alongside banks, tech firms, academia and consumer groups to explore how AI can be safely and effectively integrated into financial services

/payments

Worldline moves into account-to-account payment market

Worldline is seeking to futher diversify its payment offerings with the launch of account-to-account payment services across ten European markets.

/payments

MuchBetter to offer free payment rings to UK consumers

Wearable payments outfit MuchBetter is to offer free contactless ceramic payment rings to everyone in the UK.