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De-banking: what next for payment service providers?

18 March 2024 / Author(s): Leontia McArdle , Rachel Tookey , Stewart Plant
Issue: February 2024 / Categories: In Practice
Company: DLA Piper

The de-banking of customers, and the legal and regulatory implications that can arise, are not new issues. However, those issues have come into sharp focus following recent publicity surrounding a high-profile account closure. This In Practice article considers what payment services firms can expect next following the increased scrutiny from customers, media, government and the regulators.

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