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​PSR to scrap barriers to switching between direct-debit providers

( August 4, 2017, 15:52 GMT | Official Statement) -- MLex Summary: UK administrators of direct debits would no longer be able to raise barriers to clients trying to switch to a different provider, under proposals from the payments regulator. The Payment Systems Regulator has proposed to change the rules that govern regular automatic payments from consumers to companies in response to concerns about a lack of competition in the sector.The statement follows. The proposals are attached....

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