Regulatory AlertsCP18/12 and CP18/13: Consultations on High-cost Credit and on Overdrafts
The Financial Conduct Authority issued consultations on proposed rules for high-cost credit products and overdrafts to address consumer protection concerns. The documents outline proposals for rent-to-own, catalogue credit, store cards, and arranged or unarranged overdrafts, alongside measures to encourage alternative credit options. These papers follow previous feedback statements and are supported by extensive research on consumer behavior and market engagement.
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