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FCA consultation paper on changes to the safeguarding regime for payments and e-money firms (CP24/20)

The Payments Association

The current safeguarding requirements are contained in the Payment Services Regulations 2017 (“PSRs”) and the Electronic Money Regulations 2011 (“EMRs”). The government invited the FCA to consult on the safeguarding regime in 2023. Next steps This consultation is open until 17 December 2024. over a 10-year appraisal period.

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UK Financial Conduct Authority plans to reform safeguarding rules for e-money and payment institutions

The Payments Association

On 25 September 2024, the UK Financial Conduct Authority (FCA) published its long-awaited Consultation Paper (CP24/20) setting out proposed changes to the safeguarding rules applicable to electronic money institutions (EMIs) and payment institutions (PIs) (together, payments firms). What should firms do next?

Rules 88
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How payment firms can prepare for the FCA’s proposed safeguarding regime

The Payments Association

The Financial Conduct Authority (FCA) is consulting on new rules and guidance to strengthen the safeguarding of consumer funds in the payments and e-money sectors. The current safeguarding rules are based on the Payment Services Regulations 2017 (PSRs) and E-Money Regulations 2011 (EMRs).

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The Return Of The Celebrity-Backed Brand

PYMNTS

Private equity firm Centerbridge Partners will remain the restaurant’s controlling shareholder, but Winfrey will join the board and act as a consultant for the brand. That collaboration turned out to be an investment in the firm, though the amount remains unknown.

Returns 40
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Addressing Portfolio Risk in Economic Uncertainty: Part 4 (2022)

FICO

Using the period following the Great Recession as a point of reference, we isolated consumers in October 2010 with 30+ days past due delinquent tradelines and analyzed their ability to return to current status, as well as their likelihood of experiencing new serious delinquencies, over the year of economic recovery that followed. .

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Walgreens To Shutter Beauty.com And Drugstore.com

PYMNTS

There were several options we considered to focus on shareholder return, but right now our intention is to focus on Walgreens.com,” a company spokesman said. The two sites have been part of the Walgreens family since their acquisition in 2011 in a deal valued around $409 million.

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Risk-Aware Marketing to Personalize Telco Customer Engagement

FICO

By showing the expected impacts of a customer offer change before implementation, optimization gives telecom operators a priceless opportunity to generate business and build customer loyalty, while also lowering their related sales costs and an increase in potential returns. Tim Young is a principal consultant at FICO. Tim Young.

Risk 96