PS18/19: Assessing creditworthiness in consumer credit

The Financial Conduct Authority issued Policy Statement PS18/19 to finalize rules on assessing creditworthiness in consumer credit. The document sets out the regulator's decisions following the consultation CP17/27 regarding how firms must evaluate borrower affordability. These requirements aim to ensure responsible lending practices and protect consumers from unsustainable debt.

United Kingdom

Financial Conduct Authority

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Open consultation: CP17/27

31/07/2017

Consultation closes

31/10/2017

Policy Statement

30/07/2018

30/07/2018