Regulatory AlertsFS17/2: High-cost credit and review of the high-cost short-term credit price cap
The Financial Conduct Authority issued this feedback statement to confirm its decision to maintain the high-cost short-term credit price cap at its current level for three years. The regulator outlined priorities for the next stage of its high-cost credit review, which will focus on overdrafts, rent-to-own, home-collected credit, and catalogue credit. Additionally, the document details findings from consumer surveys and data analysis while noting plans to consult on further interventions in Spring 2018.
Share