United Kingdom (and EU regulation)

FCA updates consumer credit information sheets

By Matthew Gregory (UK) and Peter Snowdon (UK) on October 19, 2016 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).

The FCA explains that the new versions of the information sheets do not become current until 3 months after they are published on its website. Firms are expected to use the new versions from 18 January 2017. Until then, the current versions of the information sheets must be used.

View FCA updates consumer credit information sheets, 18 October 206