United Kingdom (and EU regulation)

FCA updates consumer credit information sheets

By Matthew Gregory (UK) on January 17, 2017 Posted in Consumer credit, United Kingdom

The FCA has updated the following consumer credit information sheets:

arrears (No 001);
default (No 002);
high-cost short-term loans (No 003);
high-cost short-terms loans, peer-to-peer lenders (No. 004); and
arrears, peer-to-peer lending (No. 005).

Firms must use the new versions of the information sheets from 14 April 2017, in line with the requirement in section 86A(7) of the Consumer Credit Act 1974. The new versions of the sheets take effect three months after publication. Until then, current versions of the information sheets, which were published in January 2014, must be used.

View FCA updates consumer credit information sheets, 13 January 2017