2017-07-27

Added 2026-06-23 · Updated 2026-07-08

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 establishes requirements for lenders to conduct thorough affordability checks before granting credit to consumers. These measures aim to prevent over-indebtedness and ensure responsible lending practices across the UK financial sector.

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