Regulatory AlertsCP26/7: Credit Information Market Study: Proposed Approach to Implementing FCA Remedies
The Financial Conduct Authority proposes new mandatory reporting rules requiring firms to share consumer credit information with designated credit reference agencies to improve market coverage and data quality. These measures aim to enhance credit risk assessment, increase financial inclusion for thin-file consumers, and reduce unaffordable lending through better-informed decision-making. The consultation seeks feedback on these draft rules and related obligations by 1 May 2026 as part of the broader Credit Information Market Study remedies.
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