Tag: Lending Standards Board (LSB)
Report: Santander UK to exit LSB following regulatory duplication concerns
Santander UK is reportedly cancelling its Lending Standards Board (LSB) membership because of the duplication of regulatory standards.According to Sky News, the Spanish-owned bank...
HM Treasury intensifies action on APP fraud clampdown
The British government is moving to bolster the legal framework around fraud prevention, in response to an increase in Authorised Push Payment (APP) fraud.
Draft...
LSB drafts new standards for ‘UK backbone’ SME sector
Operating standards for UK banking SMEs have been stepped up by the Lending Standards Board (LSB), a self-regulatory organisation for the UK banking industry.
This...
PSR updates APP policies but ‘reimbursement alone cannot prevent fraud’
The UK’s Payments Systems Regulator (PSR) has taken a significant step in improving consumer protection against Authorised Push Payment (APP) fraud.
Following consultations over the...
LSB highlights ‘urgent need’ to focus on APP fraud after FCA...
The Financial Conduct Authority (FCA) this week revealed that over 116,000 people in the UK have fallen victim to APP fraud and scams in...
LSB: UK cash withdrawal regulations welcomed as vital to financial inclusion
The UK government is expanding cash availability across the country, with free cash withdrawals within three miles being implemented as law.
The Lending Standards Board...
LSB urges financial firms to help SMEs with green finance products
The Lending Standards Board (LSB) has issued a report urging financial services to feed-in on how to best protect standards for business customers to...
LSB Report: Access to business banking important for disabled customers
The Lending Standards Board (LSB) released a report that advises on the steps necessary to improve financial inclusion for disabled customers.
As the regulator of...
Atom bank commits to Standards of Lending Practice providing further protection...
Digital provider Atom bank has become the latest financial services firm to commit to the Standards of Lending Practice for business customers.
The Lending Standards...
