Consumer credit

 

Latest Reports

  • paper silhouettes family

    The FCA has sought to address the impact of the rising cost of living on consumers by writing to Chief Executives of over 3,500 lenders reminding them of the standards they are expected to uphold (the “Letter”). As consumers face increasing pressure, with the Institute of Fiscal Studies estimating that ...

  • watermelon bowling strike

    The Government has announced that it is committing to reform the Consumer Credit Act 1974 (“CCA”), which regulates lending, including credit cards and personal loans. This reform is part of a drive to modernise legislation in this area, cutting costs for businesses and simplify rules for consumers. What is the ...

  • white mouse yellow back

    HM Treasury has published the highly anticipated consultation paper (“CP”) setting out policy options to achieve a proportionate approach to regulation of buy-now-pay-later (“BNPL”) products. Earlier this year, HM Treasury announced its intention to bring interest-free BNPL products within the FCA’s perimeter after the Woolard Review highlighted the probable risk ...

  • watermelon bowling strike

    On 15 July, the FCA published its Business Plan and set out its key priorities for the year ahead. There is much talk about the FCA’s own internal transformation programme and how the organisation intends to become a forward-looking, proactive data-led regulator which is prepared to meet future disruption head ...

  • spotlight

    The FCA has published revised consumer credit information sheets on its webpage. In accordance with section 86A of the Consumer Credit Act 1974, lenders are required to include a copy of the relevant information sheet when notifying a consumer that they are in arrears or default. The sheets have been ...

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