UK ombudsman for financial disputes
A SBS Insight episode has revealed a barman withdrew 1.6 million from a bank after a 2011 incident, highlighting vulnerabilities in banking systems and customer control. A Guardian letter details card-skimming scams in Paris, while The Japan Times reports on a Tokyo police probe into PayPay fraud linked to refunds.
UK regulators are expanding Buy Now, Pay Later oversight. From July 15, BNPL providers must be authorised by the FCA, undergo affordability checks, and offer clearer information and complaint routes. The changes aim to protect consumers while preserving access to flexible payments.