Finance Derivative – Everybody wins with new Consumer Credit regulations
Armalytix Chairman, Mike Ward writes:
Amidst rapid technological and social changes, the UK consumer credit sector is constantly evolving. One of the biggest recent shake-ups to regulation of the sector has been the introduction of the Financial Conduct Authority’s (FCA) Consumer Duty regulations. These Consumer Duty regulations, which apply to products and services across the sector, seek to ensure that borrowers receive ‘good outcomes’ and that lenders provide evidence that these outcomes are being met.
Read more here.