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Showing 1 - 10 of 636 matches filtered by 'Consumer credit'

  • FCA: Response to key comments from the independent panels' annual reports for 2018-19

    19/11/2019
    FCA has published its response to key comments from the annual reports of FSCP, FCA PP, FCA SBPP and FCA MPP.... Specific areas covered include: Brexit; FCA’s priorities; operational and cyber resilience; crypto assets; Mortgage Markets Study; duty of care; fair pricing; consumer credit; Retirement Outcomes Review; pensions; LIBOR and authorisations.
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  • Goods Mortgages Bill

    22/10/2019
    The text of the Bill, which is intended to make provision for a new form of non-possessory security that may be... created over goods owned by individuals and to repeal the Bills of Sales Acts 1878 and 1882, follows. The first reading took place on 21 October 2019. The second reading (debate on the Bill) is yet to be scheduled.
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  • FCA: FG18/6: Helping tenants find alternatives to high-cost credit and what this means for social housing landlords

    22/10/2019
    FCA’s guidance is intended to help social housing landlords understand the scope and application of consumer credit regulation when they help... tenants to find alternatives to high-cost credit.
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  • FCA: Complaints data

    17/10/2019
    FCA has published complaints data for H1 2019, which showed an increase in complaints, largely driven by a 34% increase in... the volume of PPI complaints. The next most complained about products are current accounts, credit cards and motor and transport insurance.
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  • CP19/28: Discretionary commission models and disclosure in motor finance

    15/10/2019
    FCA has announced plans to prohibit the way in which some car retailers, and other brokers in the motor finance sector,... receive commission. FCA has found that discretionary commission models have led to higher finance costs for consumers and adds that firms are also often failing to give customers timely and relevant information. The CP consults on proposals to prohibit commission models that can give brokers and motor dealers an incentive to increase a customer’s interest rate and to amend parts of rules and guidance relating to the disclosure of commission arrangements with lenders. Responses are required by 15 January 2020.
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  • HoC/HoL: Joint Committee on Statutory Instruments 69th Report of Session 2017–19

    08/10/2019
    The Committee draws attention to the Financial Services and Markets Act 2000 (Regulated Activities) (Amendment) Order 2019 on the ground that... it requires elucidation in respect of a new exclusion to the regulated activity of credit broking.
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  • FCA: PS19/25: Overdraft pricing and competition remedies

    02/10/2019
    Further to CP19/18, this PS sets out FCA’s final rules. FCA notes that minor changes were made. The PS amends... the definition of private bank in BCOBS 7 and 8. FCA is also exempting foreign currency accounts from its competition remedy rules there are minor changes to the alerts rules. The revised definition of private bank in BCOBS 7 comes into force immediately. The new rules in BCOBS 8 come into force on 18 December 2019. The revised private bank definition, the exclusion of currency accounts and the rules on alerts automatic enrolment will be effective from that date.
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  • FCA: Speech by Charles Randell: Stress testing for human beings

    27/09/2019
    In this speech of 27 September 2019, Charles Randell discusses the potential impact of an economic downturn on individuals in the... UK in relation to their financial lives, including policymakers’ roles with regard to pensions, investments and debt. He also sets out FCA’s expectations of firms, noting “we are continuing our focus on firms’ compliance with our requirements on affordability and arrears handling, and guiding savers to the right options for their savings. We expect firms to focus on these issues too, and have a low tolerance for firms who fall short of our standards in these areas”.
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  • HMT: Debt respite scheme

    26/09/2019
    HMT has published Money and Pension Service’s response to its request for advice on this scheme.
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