Financial Conduct Authority says Lanistar has not been authorised to operate in UK
Consumers are being warned about a much-hyped debit card targeting millennials, after the City regulator said it was operating without permission.
Lanistar launched its app this week amid social media fanfare, having convinced celebrities including Love Island’s Chris Hughes and Tommy Fury, the model Demi Rose, and Cristiano Ronaldo’s girlfriend, Georgina Rodriguez, to back the card on Instagram.