FCA confirms tough new rules for £200bn consumer credit market – Financial Conduct Au

[Legal Beagles]

The Financial Conduct Authority (FCA) has confirmed the final rules that will govern the £200bn a year consumer credit market, which includes approximately 50,000 firms, from 1 April 2014. The new rules will result in changes for how payday lenders and debt management companies treat their customers including mandatory affordability checks for payday borrowers and […]

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Policy statement PS14/3

PS14/3 - Detailed rules for the FCA regime for consumer credit - attached PDF download

[Amethyst]

Re: FCA confirms tough new rules for £200bn consumer credit market – Financial Conduc

http://www.legalbeagles.info/forums/...147#post415147

Consumer Credit guidance on sections 77,78 etc