FCA launches call for input on high price credit and overdrafts
The Financial Conduct Authority (FCA) has now established that it’s searching for evidence and feedback to further inform its work with high-cost credit, including overview of the pay day loan price limit.
Since overpowering legislation of credit in 2014, the FCA has focused on products that it believes pose the highest risks to its consumer protection objective april. One section of focus was credit that is high-cost including pay day loans, home-collected credit, catalogue credit, some rent-to-own, pawn-broking, guarantor and logbook loans. Other credit products вЂ“ such as for instance engine finance, bank cards, overdrafts plus some instalment lending вЂ“ can be high-cost, specially at a lower price creditworthy clients or dependent on the way they are employed. „FCA launches call for input on high price credit and overdrafts“ weiterlesen
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