The payment protection insurance (PPI) policy is one of the biggest rip offs in British banking history, costing UK banks as much as £50bn, with Lloyds set to finalise the cost of its mis-sold PPI scandal in the next few weeks.
An industry-wide survey of financial services companies has demonstrated the increasing role of machine learning in the sector. The survey was commissioned by regulators, the Bank of England (BoE) and the Financial Conduct Authority (FCA), who have since promised to explore machine learning policy.
The Equality and Human Rights Commission (EHRC) has issued new guidance for employers regarding the use of non-disclosure agreements. The watchdog has declared that it is “calling time” on non-disclosure agreements (NDAs) being used to cover up discrimination, harassment and victimisation.