A European Court of Auditors report reveals ongoing 'IBAN discrimination' against EU consumers, despite the 2014 SEPA Regulation. This discrimination forces consumers to open multiple bank accounts and limits access to fintech services. Regulatory loopholes and inconsistent penalties hinder efforts to eradicate the issue, with virtual IBANs posing additional risks. The EU acknowledges the problem remains unresolved, particularly in Germany, Spain, France, and Italy, and calls for stronger enforcement of regulations. Teljes cikk (Euronews.com)