UK’s Competition and Markets Authority Offers Clarification on Definition of VRPs for Sweeping
The United Kingdom’s Competition and Markets Authority has clarified what may and may not be used for when it is introduced later in 2022. The CMA mandated the use of Variable Recurring Payments (VRPs) as the mechanism for implementing Sweeping – which is described as… Read More
Read more in: Fintech, Global, Politics, Legal & Regulation | Tagged banking, charlotte crosswell, cma, competition and markets authority, europe, jack wilson, maria palmieri, obie, open banking, payments, sweeping, truelayer, uk, united kingdom, variable recurring payments, vrps, yapily