New Regulations for Consumer Protection Against Fraud and Charges
December 1, 2025
The EU has agreed on new regulations to better protect customers from fraud and hidden charges. Banks and payment service providers will be required to inform customers of all fees before a payment is initiated. Customers will also be able to withdraw cash from retail outlets without needing to make a purchase. The regulations aim to improve cash access and increase transparency in open banking services. Additionally, payment service providers must adhere to strict security protocols.