Regulatory Alerts2018-12-17
Added · Updated
FG18/6: Helping tenants find alternatives to high-cost credit and what this means for social housing landlords
The document provides finalised guidance to Registered Social Landlords regarding the scope of consumer credit regulation when assisting tenants with alternatives to high-cost credit. It clarifies that introducing tenants to credit unions or charities without fee is excluded from credit broking, while other referral activities likely require FCA authorisation. The text outlines the application process for authorisation, including statutory decision timelines of six months for complete applications and associated fees ranging from £100 to £600 for applications.
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